Saudi Arabia predicted to lead IPO drive in MENA: report

Saudi Arabia predicted to lead IPO drive in MENA: report

RIYADH: Saudi Arabia will lead the initial public offerings in the Middle East and North Africa region in 2024, with 27 companies eyeing to list on the Kingdom’s main market, an analysis showed. 

In its latest report, Dubai International Financial Center, in association with the London Stock Exchange Group, said that the IPO pipeline in the MENA region seems promising this year, as several companies postponed their listings from 2023 to early and mid-2024 in anticipation of more favorable market conditions. Saudi Arabia predicted to lead IPO drive in MENA: report