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The IPO activity in Middle East and North Africa retained strong momentum in the first quarter with the region witnessing 10 IPOs worth $1.2 billion for the three-month period. Saudi Arabia dominated the listing activity with nine IPOs followed by UAE.
Regional IPO momentum continues with 13 deals raising $1.8bn
IPO activity in the Mena region continued to gather momentum with a total of $1.8 billion in proceeds from 13 IPOs – a 44% increase in the number of listings but an 80% drop in proceeds when compared to Q2 2022.
IPO activity in the MENA region retained strong momentum despite the weaker global sentiment
The Middle East and North Africa (Mena) region saw 10 IPOs with the combined proceeds of $3.4b, an EY report showed this week...