Page 108 - ALEF EDUCATION PR REPORT - AUGUST 2024

8/14/24, 12:02 PM Middle East sees surge with 14 IPOs raising $2.64 billion, led by UAE, Saudi Arabia

Middle East sees surge with 14 IPOs raising $2.64 billion, led by UAE,
Saudi Arabia

UAE

Me Business - Abu Dhabi since 19 hour ، 2 minute

The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second
quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to

the same period last year.

According to the Ernst & Young report on IPO activity in the MENA region, the second quarter of this year

saw the listing of Dr. Soliman Abdul Kader Fakeeh Hospital Co on Saudi Arabia’s main market, raising $764
million, 29 percent of the region’s IPO proceeds for the quarter, followed by Abu Dhabi Securities Exchange’s

(ADX) listing of Alef Education Consultancy LLC, which contributed 19.5 percent or $515 million.

https://mebusiness.ae/en/news/show/93529 1/2