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8/15/24, 2:45 PM Total of 13 GCC IPOs in Q2 raise $2.6bln: PwC
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IPO
Total of 13 GCC IPOs in Q2 raise $2.6bln: PwC
Notable listings this quarter include Dr Soliman Abdel Kader Fakeeh Hospital Company,
which raised $763 million on Tadawul, as well as Alef Education and Spinneys, two of the
largest listings in the UAE
Muhammad Hassan, TradeArabia
August 14, 2024
A total of 13 IPOs raised $2.6 billion in the region in Q2 2024, compared to the same number of IPOs in
the corresponding period in 2023 that raised $1.8 billion, says PwC Middle East’s latest IPO+ Watch.
Notable listings this quarter include Dr Soliman Abdel Kader Fakeeh Hospital Company, which raised
$763 million on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.
GCC indices broadly followed the trend in oil prices, whereby we experienced lows at the end of June
2024. This is reflected in the S&P GCC Composite index which was 4.2% lower at the end of June 2024
compared to the level at the start of the year.
https://www.zawya.com/en/world/middle-east/total-of-13-gcc-ipos-in-q2-raise-26bln-pwc-juahmach 1/3
