IPO requests in Saudi Arabia rise by 30%

IPO requests in Saudi Arabia rise by 30%

Saudi Arabia’s Capital Market Authority said this week that it had received 56 initial public offering applications, a number well ahead of analysts’ expectations. State oil major Saudi Aramco is also likely to issue a bond this year.  CMA chief Mohammed ElKuwaiz told a capital markets forum in Riyadh on February 19 that the applications […]

Number beyond analysts’ predictions

Saudi Aramco likely to issue bond

Tenures up to 50 years a priority

Saudi Arabia’s Capital Market Authority said this week that it had received 56 initial public offering applications, a number well ahead of analysts’ expectations.

State oil major Saudi Aramco is also likely to issue a bond this year. 

CMA chief Mohammed ElKuwaiz told a capital markets forum in Riyadh on February 19 that the applications were a 30 percent increase on last year, covering the main Saudi stock market and the parallel market Nomu. 

Gulf markets attracting more international investors

Appetite high for Aramco’s $10bn second listing

Stock-picking in Chinese, American and Middle Eastern markets

Businesses from Saudi Arabia and the UAE are expected to dominate Middle East IPOs in 2024, according to a recent report by consultants EY.

Before the Saudi announcement, EY only expected 30 IPOs across the Middle East and North Africa region. 

Ziad Al-Murshed,