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7/15/24, 3:33 PM GCC IPOs raise $3.6bln in H1; Saudi markets spearhead growth
A screen displaying stock market prices is seen at an investment bank in Riyadh, June 9, 2013.
Faisal Al Nasser
IPO
GCC IPOs raise $3.6bln in H1; Saudi markets
spearhead growth
This represented an increase of 141% in the value of Saudi IPOs compared to H1-2023
Staff Writer, TradeArabia
July 15, 2024
The initial public offerings (IPO) in the GCC markets has raised total proceeds of $3.6 billion through 23
offerings during the first six months, marking a year-on-year decline in value by 32% compared to H1
last year, where it raised $5.3 billion through 21 offerings, according to Kuwait Financial Centre
(Markaz).
Markaz in its report titled 'Initial Public Offerings (IPO) in the GCC markets,' stated that Saudi Arabia led
the region in terms of IPO proceeds during the first half, raising a total of $2.1 billion from 19 offerings
constituting 59% of total GCC IPO proceeds.
https://www.zawya.com/en/markets/equities/gcc-ipos-raise-36bln-in-h1-saudi-markets-spearhead-growth-wu2xjz5x 1/3
