Saudi IPO market leads the GCC in 2021: report
- Date: 19-Jan-2022
- Source: Zawya
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi IPO market leads the GCC in 2021: report
RIYADH: Saudi Arabia topped the region in terms of intial public offering issuances in 2021, with 15 out of 20 GCC IPOs debuting on Tadawul’s main and parallel markets, according to Kamco Invest report.
The report also highlights the Kingdom’s dominance in terms of IPO proceeds, ranking in almost 62 percent of the offerings at around $4.65 billion in 2021.
Saudi utility provider ACWA POWER marked the region’s largest IPO in 2021, after its float generated $1.21 billion.
Abu Dhabi Securities Exchange came next, amounting to $2.63 billion.
The GCC countries have stood out in terms of IPOs during the year 2021, totalling 20, up from 7 in the previous year.
Proceeds from GCC issuers have seen a five-fold leap in 2021, reaching $7.52 billion, up from $1.64 billion in 2020.
The improved performance has been supported by secondary market valuations and positive global market signals in terms of performance and liquidity.
Select Sector 
Select Country 
