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8/15/24, 2:40 PM UAE Ipos Raise $890 Million In Q2 2024
UAE Ipos Raise $890 Million In Q2 2024
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8/14/2024 3:46:48 PM
(MENAFN- Khaleej Times) Initial public offerings (IPOs) in the UAE markets raised US$890
million in the second quarter (Q2) of this year, according to a recent economic report.
The PwC Middle East's latest IPO+ Watch said that notable IPOs in the second quarter
included Alef Education on the Abu Dhabi Securities Exchange (ADX) with $515 million and
Spinneys on the Dubai financial market (DFM) with $375 million, two of the largest IPOs in
the UAE.
Saudi Arabia led IPO activity in the GCC region, raising US$1.6 billion or 61 percent of the
total IPO activity recorded in the region in Q2 2024.
According to the report, notable IPOs on the Saudi stock market during the quarter included
the IPO of Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised US$763 million
on the Tadawul stock exchange, while this quarter witnessed the first IPO on the Boursa
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