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The report also highlighted that the remainder of 2024 is expected to see robust activity in the
IPO market. Sixteen private companies and seven funds across various sectors are planning to
list on MENA exchanges.

Meanwhile globally, IPO activity saw a decline when compared to Q2 2023. The number of IPOs
dropped by 15 percent from 317 to 271, and proceeds decreased by 31% from $40.4 billion to
$27.8 billion.
This trend contrasts sharply with the MENA region's performance, where significant listings and
increased proceeds were observed despite global downturns.

https://www.onearabia.me/business/middle-east-ipo-surge-led-by-uae-saudi-arabia-011-
060249.html