Read the August 2021 MEED Business Review – MEED

Read the August 2021 MEED Business Review – MEED

Market listings surge as stimulus boosts recovery; Rising unrest as government finances weaken in the Maghreb; Regional banks display resilience during Covid

The GCC's largest initial public offering (IPO) markets are on the rebound as a receding pandemic paves the way for diversified recovery.

The IPO of 40 per cent of Abu Dhabi-owned Al-Yah Satellite Communications Company (Yahsat) on the Abu Dhabi Securities Exchange on 14 July is the GCC's biggest market listing of the year so far. But its importance is not simply its estimated $731m valuation. It marks a turning point in the regional economy after six years of gloom.