Page 126 - SALIK PR REPORT JUNE 2024

Equities, debt market to boost

GCC outlook

This week, the GCC markets exhibit numerous enticing prospects and themes
by

Somshankar Bandyopadhyay

Published: Mon 3 Jun 2024, 6:18 PM
Last updated: Mon 3 Jun 2024, 6:19 PM
This week, the GCC markets exhibit numerous enticing prospects and themes,
fuelled by heightened IPO endeavours, and the ongoing progress within the GCC
region, analysts say.
Alef Education IPO shares demand on the rise as subscription period end nears:

Alef Education is set to get listed on the main market of ADX on 12th June 2024, with
the first tranche offer period to end on 4th June 2024, and second tranche offer to
close on 5th June 2024. However, the Company announced on Friday that it plans to
increase the number of shares offered to the first tranche to 140 million, from 112
million. “This underscores the increased interest from institutional investors in the
company’s stock, which signals confidence in the IPO and the company’s future
performance in the market,” Vijay Valecha, chief investment officer, Century
Financial, said.
Saudi Arabia takes the lead in emerging debt market:

https://www.khaleejtimes.com/business/personal-finance/equities-debt-market-to-boost-gcc-
outlook