Faisal Mushtaq’s Post

After a tidal wave of #IPOs in the Middle East over the past two years, the focus is shifting to the next stage in the development of #equity #capitalmarkets in the region. The rulers of Saudi Arabia and the UAE have proven that they are dedicated to expanding the liquidity and sophistication of their local markets and enticing foreign #investment. The two oil-rich Gulf states have been responsible for most of the deal flow in the region, which has bucked a global downturn in the IPO market. According to GlobalCapital's equities editor, Aidan Gregory, the next step is to develop a liquid market for follow-ons and a stronger pipeline of privately owned company IPOs. Read the rest of Aidan's opinion in our free-to-read weekly GC View: https://lnkd.in/eWh5WghT

The EY MENA IPO Eye Q3 2024 report reveals a cautiously optimistic IPO market in the Middle East and North Africa (MENA) region, with five IPOs collectively raising $0.93bn. This marks a 76.8 per cent year-on-year (YoY) increase in value, primarily driven by the substantial $877m raised by NMDC Energy in the UAE. While global IPO markets saw a modest slowdown, MENA markets continue to show resilience, with more IPOs anticipated by year-end. #business https://lnkd.in/dxkNCsxU

Despite a quieter third quarter, the GCC’s initial public offering (IPO) landscape is expected to remain robust through the end of 2024, according to PwC’s Middle East Capital Markets Leader, Muhammad Hassan. Companies from various sectors across the region are preparing for IPOs, keeping the outlook positive. #Economy #GCC #IPO #News #Finance360 #PWC

Neovision Wealth Management was quoted in AGBI - Arabian Gulf Business Insight in their article on the flurry of initial offerings in the region and the strong IPO trend we have seen over the last few years. We believe that global investors will continue to commit long term capital and resources to the GCC, unfazed by geopolitical issues. This is a significant change from the past and a clear sign of appreciation by investors of the growth potential of the region, resulting in a virtuous cycle of earnings growth and investor returns. https://lnkd.in/dCfEEkkY

IPO activity in the Middle East and North Africa (MENA) region demonstrated significant growth in the second quarter of 2024, with 14 initial public offerings (IPOs) raising a total of $2.64 billion. The quarter also saw eight out of the 14 MENA IPOs showing positive returns as of June 30, 2024, with Miahona Company achieving the highest gain of 90.4%. #MENAIPO #IPO2024 #MiddleEastFinance #StockMarket #InvestmentGrowth #Q22024 #PublicOffering #PositiveReturns #MiahonaCompany #FinancialGrowth https://shorturl.at/Nb8PO

While globally the IPO activity saw a decline, the IPO market in the Middle East and North Africa (MENA) generated total proceeds of $2.64 billion, marking a 45.3% increase compared to the same period last year. Read here the highlights of Ernst & report on IPO activity in the MENA region. BIG - Beyout Investment Group @#MENA #Saudiarabia #UAE #SMASCO #ADX #Kuwait #trading #IPO #business #economy #globalmarket #investment https://lnkd.in/eG5GUNMS

Saudi companies have attracted $176 billion in orders for their initial public offerings, driven by investors keen to capitalize on returns seen over the past two years. This surge in IPO demand has exceeded the record set by Saudi aramco in 2019. The Gulf country is set to lead the IPO market in the Middle East and North Africa region in 2024, according to an analysis by the @Dubai International Financial Center (DIFC). #SaudiIPOs #InvestmentSurge #SaudiAramcoRecord #MENAIPOMarket #SaudiStockExchange #Tadawul #DIFCAnalysis #IPOInvestors #SaudiEconomy #MarketLeadership #FinancialGrowth #InvestmentBoom #IPOListings #MiddleEastFinance

As we wrap up 2024, the GCC IPO market continues to lead the global stage, driven by strong macroeconomic fundamentals, robust oil revenues, and strategic diversification efforts. This year has showcased the power of smaller markets, with Oman’s $2 billion IPO of its state energy company grabbing global attention. While energy and utilities remain dominant, the IPO landscape is evolving, with technology, e-commerce, and fintech sectors emerging as key players. These developments signal a broader transformation in the region’s capital markets, where proactive reforms and strategic narratives are positioning the GCC as a global hub for resilient and diversified investment opportunities.   Our CEO, Tony Hallside, recently spoke to The National News to share his insights on these trends. To read the full article, click below. Why the Gulf will remain a powerhouse for IPOs - https://lnkd.in/dxEujHWQ  

BDA Partners' Paul DiGiacomo, Managing Partner and Head of FSG speaks with Reuters on the decline in private equity-backed mergers and acquisitions in Asia. Despite record levels of unspent cash, PE firms are cautious due to market conditions. However, signs of recovery are emerging, especially in middle-market deals in SE Asia and potential privatisations in Hong Kong. "People are signing up to run processes and processes are moving a little faster," said BDA's DiGiacomo. "Asset valuation expectations from buyers are getting more in line with those from sellers. I would expect M&A volumes to increase in 2024." #bdapartners #theglobalinvestmentbankingadvisorforAsia #privateequity #AsiaMandA