The IPO activity in the Mena region is expected to remain firm in 2014, building on a strong momentum from the last quarter of 2013, which closed with a total of seven deals raising around $726.2 million, said a report.
The EY Men
NYSE Euronext, a leading global operator of financial markets, said it had raised a record $17.1 billion in total global proceeds from initial public offerings (IPO) in the first half of 2012.
In the US, NYSE Euronext listed 62 per c
Oman's regulator, Capital Market Authority, is encouraging consolidation of brokerages in the small non-Opec producer and expects at least three to four initial public offerings next year, its executive president said.
'At CMA we a
Major initial public offerings (IPOs) in the region are still scarce but banks are starting to win mandates again with consumer and healthcare companies expected to lead new equity listings, participants told the Reuters Middle East Summit.
Share sales in new Saudi Arabian export refineries will offer investors alternatives to listed downstream companies in developed countries which are likely to remain exposed to chronically weak margins and high operation costs, say analysts.
Only two companies are expected to float on the Omani stockmarket this year, the bourse regulator said on Monday, naming Al-Khalili Group and Qatar Telecom's local unit.
'So far only two IPO issues are expected to come out this yea
Riyad Capital, the investment banking arm of Riyad Bank aims to grow by at least 20 per cent in 2010, boosted by Saudi bourse growth, but more defaults at family-owned firms risk undermining optimism, the unit's chief executive said.
Total regional IPO deal values in all of this year came in at approximately one-sixth the value of all IPOs last year, according to a report by Ernst & Young.
Middle East markets raised $2.06 billion from 15 IPOs by November 25 this ye
Three Saudi companies have won approval by the capital market authority to launch initial public offerings on the biggest Arab bourse early next year.
Travel agent Al Tayyar Travel Group will offer 24 million shares, or 30 per cent of the
Middle East markets resisted the dramatic global downturn in the IPO market by raising $3.61 billion in the third quarter of the year from 12 initial public offerings (IPOs) as compared to $4.72bn from 13 IPOs in the second quarter.