Page 82 - ALEF EDUCATION PR REPORT - AUGUST 2024

IPOs raise $2.64 billion in H1 as Mena outlook stays

robust

The first half of 2024 records a 45.3 per cent surge in IPOs that raise $2.64 billion
by

Issac John

Photo used for illustrative purpose only

Published: Tue 13 Aug 2024, 10:40 PM

The Middle East and North African IPO market is poised to see robust activity in the remainder of
2024 with an additional 16 private companies and seven funds across various sectors intending to
list on the region’s exchanges.

After a resilient first half led by the UAE and Saudi Arabia, the upcoming IPOs will be spurred by the
region’s ongoing privatisation drive on the back of increased liquidity, economic recovery, and
positive market sentiment, market experts say.
Burj Khalifa Fountain Show

The first half of 2024 recorded a 45.3 per cent surge in IPOs that raised $2.64 billion.

https://www.khaleejtimes.com/business/ipos-raise-2-64-billion-in-h1-as-mena-outlook-stays-
robust