Page 116 - ALEF EDUCATION PR REPORT - AUGUST 2024

8/14/24, 12:03 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

WAM
13 Aug 2024, 21:53 GMT+10

ABU DHABI, 13th August, 2024 (WAM) -- 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

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