Page 166 - ALEF EDUCATION PR REPORT - JULY 2024
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7/16/24, 4:20 PM GCC IPOs raised $3.6bn in H1; top 5 offerings revealed as Saudi and UAE lead markets - Arabian Business: Latest News on the M…
Saudi Arabia market (Tadawul) recorded 59 per cent of the total initial public offering
proceeds with the total value of $1.95bn listed in its Main Market and $143m in Nomu-
Parallel Market.
Dubai Financial Market (DFM) hosted a total of $805m constituting 23 per cent of the total
GCC IPO proceeds, while Abu Dhabi Securities Exchange (ADX) saw a total of $515m
accounting for 14 per cent of the total proceeds during the period.
Kuwait accounted for 4 per cent of the total GCC initial public offering proceeds with
$147m listed on Boursa Kuwait.
Top 5 GCC IPOs by proceeds during H1 2024
https://www.arabianbusiness.com/markets/equities/ipo/gcc-ipos-raised-3-6bn-in-h1-top-5-offerings-revealed-as-saudi-and-uae-lead-markets 3/4
