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1/16/25, 4:22 PM UAE, Saudi markets eye fresh wave of blockbuster IPOs after record 2024 - Arabian Business: Latest News on the Middle East, Re…

UAE’s potential Dubizzle IPO, valued between $500 million and $1 billion, may strengthen market trends
UAE, Saudi IPO market outlook

Saudi Arabia’s Capital Market Authority has already granted several IPO approvals for the first half

of 2025, though these must be acted upon within six months. While both countries maintain
supportive regulatory environments, Saudi Arabia’s framework is more closely aligned with its

economic diversification strategy.

The success of these markets in 2025 will depend heavily on broader economic conditions. A sharp

decline in oil prices below the UAE’s fiscal break-even point of $50 per barrel could dampen
market enthusiasm, Valecha warned.

“For the Gulf region, foreign investors remain strong, acting as one of the supporting anchor bases
for the ongoing wave. Number-wise, over 43 per cent of registered investors on Abu Dhabi-based
ADX and nearly 3,500+ qualified investors in Saudi Arabia are now foreign-domiciled,” Valecha

said.

The UAE’s track record shows 61 per cent of companies listed over the past three years trading in

positive territory. The Abu Dhabi Securities Market Index has risen nearly 83 per cent over five

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