Economy Middle East’s Post

The Gulf Cooperation Council (GCC) raised total proceeds of $3.6 billion from 23 initial public offerings (IPOs) during the first six months of 2024, marking a year-on-year decline in value by 32% compared to the first half of 2023, when they raised $5.3 billion from 21 offerings. The latest report from the Kuwait Financial Centre - Markaz titled ‘Initial Public Offerings (IPO) in the GCC markets’ reveals that Saudi Arabia led the region in terms of proceeds from IPOs during H1 2024. The Kingdom raised $2.1 billion from 19 offerings, making up 59% of total GCC IPO proceeds. This marks a 141 percent increase in the value of Saudi IPOs compared to H1 of 2023. Read more: https://lnkd.in/dQWqM6-F #GCC #Gulf #IPO #Investment #Economy #Kuwait #SaudiArabia

~ #SaudiArabia is leading the Middle East IPO landscape, with Riyadh's listings significantly outperforming regional counterparts. Notably, Miahona, a Saudi water and wastewater firm, has surged 140% since its June debut. In contrast, the UAE's IPO market has faced challenges, with several listings underperforming post-launch. Looking ahead, Saudi Arabia's 2025 pipeline appears robust, with companies like Tabby and Ejada considering public offerings. This momentum underscores Saudi Arabia's strategic initiatives to strengthen its capital markets and diversify its economy. The Kingdom's focus on creating a conducive environment for public listings is attracting both regional and international investors. #SaudiArabia #IPO #MiddleEast #CapitalMarkets #EconomicDiversification Source Link: https://lnkd.in/e32weXkR

According to Bloomberg, four major IPOs in the kingdom generate significant interest from fund managers. Recent Saudi Arabian IPOs have generated billions of riyals in orders, according to a report. According to Bloomberg, Saudi Arabian companies had orders totaling SAR 659 billion riyals ($176 billion) in their initial public offerings (IPOs) over the past two years. #saudiarabia #saudi #saudia #IPO #share #shares #sharemarket #business #growth #economy #captalism Source - Bloomberg, Zawya

The CEO of Tadawul stock exchange told Bloomberg that more than 50 Saudi Arabian companies have applied for public listing, and 10 are waiting for approval to launch an IPO.Four companies have announced IPOs in recent weeks, including the kingdom's largest this year, Dr. Soliman Abdul Kader Fakeeh Hospital.IPOs in Saudi Arabia have raised around $700 million so far in 2024, with Modern Mills Co.'s $314 million listing in March the largest. #saudi #saudiarabia #ksa #saudia #riyadh #saudivision2030 #riyadhexpo #ipo #finance #finances #funding #fundraising #business #growth #economy Source - Bloomberg

Gulf Cooperation Council (GCC) countries saw a surge in initial public offerings (IPOs) in 2024, raising a combined $12.1 billion as companies across retail, healthcare, energy, and financial services went public, strengthening and diversifying regional stock markets. The high subscription levels for this year’s listings underscore strong investor appetite for exposure to the Gulf’s dynamic oil and non-oil economies. Data from the London Stock Exchange (LSEG) reveals 48 IPOs were launched across the GCC this year, including 38 in Saudi Arabia, seven in the UAE, two in Oman, and one in Kuwait, collectively raising $12.06 billion. Tarek Fadlallah, CEO of Nomura Asset Management Middle East in Dubai, described the Gulf IPO activity as "robust" and anticipates similar levels of capital raising in 2025. #smashi_buisness #business #UAE #saudiarabia #KSA #IPO https://lnkd.in/gV-cEqWt

Some great news for Saudi Arabia as the Kingdom leads the GCC in IPOs for the First Half of 2024! Having raised an impressive $2.1 billion in share offerings, this achievement marks a significant milestone in the Kingdom's efforts to expand its capital markets and drive economic diversification. Government support has played a crucial role in this success, with initiatives to broaden capital markets, boost privatisation in key sectors, and relax foreign ownership rules. The future looks bright, with over 10 companies approved for listing and more than 50 applications in the pipeline. With such robust government support and strategic initiatives, Saudi Arabia is well-positioned to continue its trajectory as a leading hub for investment and innovation in the GCC. As the Kingdom moves forward with its Vision 2030 goals, the momentum in IPO activity not only highlights the resilience and potential of its economy but also sets a benchmark for other nations in the region. More info here: https://lnkd.in/dsnMnypE #SaudiArabia #IPOs #GCC 

Saudi Arabia's capital market is witnessing robust growth, driven by the nation’s economic diversification agenda, Vision 2030, and an increased focus on enhancing capital market accessibility. Companies looking to go public through an Initial Public Offering (IPO) stand to benefit from this buoyant environment. However, maximising IPO success requires meticulous planning, strategic decision-making, and a keen understanding of market dynamics. By adopting a comprehensive approach to IPO readiness, businesses can unlock significant value and capitalise on the opportunities in Saudi Arabia’s burgeoning capital market. Read further here: https://lnkd.in/gacA862Q #IPO #CapitalMarkets #Deals #Finance #Accounting #KSA #SaudiArabia

This week’s #MideastMoney newsletter looks at the latest Gulf #IPO hotspot. The wave of listing activity that transformed the Middle East into a hotspot for new share sales over the past few years has so far largely been a tale of three cities — Abu Dhabi, Dubai and Riyadh. There are early signs of that wave broadening beyond the two biggest Gulf economies, Saudi Arabia and the United Arab Emirates. Oman’s state energy firm last week sold a 25% stake in its exploration and production business in a deal that raised about $2 billion. That means the region’s biggest initial public offering in well over a year has come from one of its smallest bourses. The IPO — also the fourth-largest of the year in the wider Europe, Middle East and Africa region — helps Oman narrow the gap with Saudi Arabia and the United Arab Emirates in terms of money raised from new share sales. Read about that, the consulting boom, Lucid — and a giant cube in Saudi Arabia here: https://lnkd.in/d-AbTFcw With Laura Gardner Cuesta

The Kingdom of Saudi Arabia wraps up 2023 with $4Bn across 30 #PrivateEquity deals! We're proud to release this report in collaboration with SVC The Private Equity investment scene in the Kingdom has been on a steady climb since 2020, smashing through the $3Bn record in 2022, a massive 5.9X leap from its 2021 level. In the diverse transaction categories, #buyouts have consistently led the way over the last five years, making up on average 80% of the total PE capital deployed. Here the link to the report on MAGNiTT 👇 https://lnkd.in/dzKbaSfj #PE #Saudi #MAGNiTT #SVC

𝗪𝗲𝗲𝗸𝗹𝘆 𝗚𝗖𝗖 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗡𝗲𝘄𝘀 𝗥𝗼𝘂𝗻𝗱𝘂𝗽: 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗡𝗲𝘄𝘀 𝗮𝗻𝗱 𝗗𝗲𝗮𝗹𝘀 1. SVC Backs Jadwa GCC Private Equity Fund: Saudi Venture Capital invests $24 billion in Jadwa’s first regional private equity fund, boosting opportunities across Saudi Arabia and the GCC. For more details, read the full article: https://lnkd.in/e-gk39hC 2. UAE and Saudi Banks Enhance Employee Experience to Boost Profitability: Banks in the UAE and Saudi Arabia are prioritizing employee experience, recognizing its direct impact on engagement, retention, innovation, and profitability. For more details, read the full article: https://lnkd.in/eTavWkbq 3. Weyay Bank Introduces Instant GCC Transfers with AFAQ: Kuwait's Weyay Bank has launched the AFAQ service, enabling instant financial transfers in local GCC currencies, enhancing economic cooperation and monetary integration among Gulf countries. For more details, read the full article: https://lnkd.in/e_BWUt7N 4. Saudi Arabia's Bond Maturities to Lead GCC by 2029: Saudi Arabia is projected to have the highest bond maturities in the Gulf Cooperation Council from 2025 to 2029, totaling $168 billion, with $110.2 billion attributed to government-issued bonds and sukuk. This surge reflects the Kingdom's active participation in debt markets to support economic initiatives. For more details, read the full article: https://lnkd.in/epDgfFJX 5. Saudi Arabia and Kuwait Initiate Joint Business Council: The Federation of Saudi Chambers has begun procedures to establish the first joint Saudi-Kuwaiti Business Council, aiming to enhance economic cooperation between the two nations. This initiative seeks to strengthen bilateral trade and investment opportunities. For more details, read the full article: https://lnkd.in/eicdMmTc Stay ahead in the GCC M&A market with the latest insights. Schedule a call  with our experts to explore how Transworld GCC can support your strategic goals. Schedule a Call: https://lnkd.in/eH_Ek89Z #TransworldGCC #MarketTrends #GCCMergers #BusinessNews #MergersAndAcquisitions #GCCbanks #marketanalysis #GCCbusiness