Page 192 - AAE PR REPORT - June 2024

5/30/24, 8:43 AM MENA’s IPO pipeline to remain ‘promising’ in 2024, despite regional challenges

Findings of the ‘Regional Outlook for Banking and Capital Markets’ report, commissioned
by the Dubai International Financial Centre (DIFC), in partnership with LSEG Data &

Analytics, showed that even though tensions in parts of the region could lead to a more

cautious market, Saudi Arabia and the UAE will continue to drive the IPO momentum.

“Deals will be driven mainly by Saudi Arabia, where 27 companies have expressed intent

to list on the Saudi Exchange (Tadawul), in addition to expected follow-on issuances from

Aramco and Savola. Meanwhile, the IPO pipeline in the UAE includes listings from Parkin,
Lulu Group and Tabby,” the report said.

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