Page 95 - ALEF EDUCATION PR REPORT - AUGUST 2024

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…
The EMEIA region, however, made a remarkable comeback, with inflation approaching
‘normal’ levels, interest rates falling, stock markets rallying to hit all-time highs, and

volatility remaining low.

This comeback saw the region regain the top global IPO market share by number, 45 per
cent of deal volume and 46 per cent of value, for the first time in 16 years.

The International Financial Reporting Standards (IFRS) sustainability disclosure standards

were applied for annual reporting periods beginning January 2024, marking a major step
towards the full integration of sustainability reporting into the broader financial reporting

process both globally and in the MENA region.

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