Saudi Arabia led the IPO
activity in the Mena region with three listings on the main market in Q2 2019 with net proceeds of $1,023.4 million.
Summary: Arabian Centres was one of the largest IPOs
in the country with proceeds of $658.7m
'In furtherance of PSE's financial inclusion initiatives, the first thing we did was to increase the maximum limit to P100,000 per IPO
. We then designed an online LSI platform that will make subscribing to IPO
's more accessible (even to investors in the provinces), efficient and convenient,' he added.
Investors had the option of physically submitting the IPO
applications at designated banks, using Electronic IPO
portals of designated Banks or using CES) of CDC.
Bahrain sees its most successful IPO
; GCC stock markets plan for 2019
Hasan believes that the outlook for IPO
markets in the GCC in 2019 will continue to depend on secondary equity markets and the stability of oil prices, even as GCC governments continue to propel the non-oil economy by largely maintaining their budget spending.
This study attempts to address for these issues and to do a research on the premises that the portion of the IPOs
which go back only to the pocket of shareholders will carry an impact to the IPO
early aftermarket reaction.
The Tunis Stock Exchange saw the IPO
of Tunisie Valeurs in Q3 2018 raising $7.6m, following a year-long gap of no activity.
According to the official, the initial timeline for the IPO
at the moment is eyed by the middle of next year.
Saudi Arabia led the MENA IPO
activity recording four out of nine IPOs
in the second quarter of this year, part of an increasing trend of REITs being listed on the exchange and a reflection of the underlining investor interest in real estate assets in the country.
activity in the MENA region is expected to gain momentum this year.
The Dubai Financial Market and Abu Dhabi Securities Exchange led GCC IPO
activity in the fourth quarter in terms of proceeds, with two major offerings, raising $2.2 billion - which was 88 per cent of total GCC proceeds.
Muscat: Muscat Securities Market (MSM) recorded the highest number of listings with three initial public offering (IPO
) deals during the fourth quarter of 2017, raising a combined capital of $81.9 million, according to E&Ys latest report.
Compared to the same period last year, the number of IPOs
and proceeds raised in Q4 2017 is considerably higher with $2.5 billion from a total of eight floats, compared to only $37 million raised from one IPO
in Q4 2016.