Five Mena IPOs raise $30bn in 2019 fourth quarter – Times of Oman

Five Mena IPOs raise $30bn in 2019 fourth quarter – Times of Oman

The Saudi Arabia Oil Company (Saudi Aramco) led the IPO activity by issuing 1.5 per cent of its equity shares initially in a deal that raised US$25.6b.. Kuwait lists the first IPO since 2008In Kuwait, Boursa Kuwait, formerly known as the Kuwaiti Stock Exchange, raised US$33.0m by issuing 50 per cent of its shares in October 2019.. Qatar lists one IPO in 2019, raising US$395.6mBaladna, a premium branded dairy and beverage company with a dominant market share of the Qatari dairy market, issued its shares on the Qatar Stock Exchange in December 2019, representing 75 per cent of the share capital of the company.. It was the only IPO in 2019 on the Qatar Stock Exchange and raised US$395.6m..