Why Are GCC Businesses Listing IPOs in Bulk?

Why Are GCC Businesses Listing IPOs in Bulk?

In recent years, many of the GCC's largest businesses have been listing initial public offering IPOs, successfully raising billions of dollars, particularly in Saudi Arabia and the UAE.

It is no secret that GCC governments have been seizing every opportunity to diversify and strengthen their oil-reliant economies and grow the prospects of profitable local businesses so they can lead industries on regional and international levels.

Consequently, Gulf Cooperation Council businesses have been slowly catching up with government plans, which is evident in frequent IPO listings over the last three years.