Page 91 - ALEF EDUCATION PR REPORT - AUGUST 2024
P. 91
8/14/24, 11:59 AM Saudi and UAE lead MENA IPOs as 14 sales raise $2.6bn - Arabian Business: Latest News on the Middle East, Real Estate, Fina…
Saudi and UAE lead MENA IPOs as 14
sales raise $2.6bn
EY MENA report shows increase in funds raised by IPOs in Q2
14 IPOs raised $2.64bn in proceeds during the second quarter of this year, according to the
EY MENA IPO Eye Q2 2024 report.
The number of IPOs increased from the 13 listings in Q2 2023, with a corresponding
increase in proceeds of 45.3 per cent against the comparative quarter.
During Q2 2024 Dr Soliman Abdul Kader Fakeeh Hospital Co. was listed on the Tadawul
main market, raising the highest proceeds of the quarter, at $764m, and contributing 29
per cent of the overall IPO proceeds.
MENA IPOs in 2024
https://www.arabianbusiness.com/markets/equities/ipo/saudi-and-uae-lead-mena-ipos-as-14-sales-raise-2-6bn 1/5
