Saudi Arabia leads IPOs in GCC region: KAMCO Invest

Saudi Arabia leads IPOs in GCC region: KAMCO Invest

RIYADH: Saudi Arabia continued to lead initial public offerings in the Gulf Cooperation Councill region in 2023, with 35 out of the 46 IPOs occurring in the Kingdom.

Saudi Arabia’s parallel market, Nomu, witnessed 27 IPOs in 2023, while the Tadawul All Share Index saw eight deals, according to research by KAMCO Invest.  

UAE continued its domination in terms of IPO proceeds, raking in almost 56.3 percent of the issuance proceeds at around $6.07 billion from its eight listings.  Saudi Arabia leads IPOs in GCC region: KAMCO Invest