GCC IPO market weathers the storm
External headwinds and an extended period of low oil prices have prompted potential issuers in the primary market across the MENA region to rethink timelines and delay their debuts. In this week's publication, we offer our insights on the GCC IPO market, focusing on:
- Saudi Arabia's leading role in the IPO market in terms of proceeds and listings during the second half of 2020.
- The boost in IPO issuances in 2021, fuelled by government support to help deepen capital markets and fund mounting deficits.
- The launch of Tadawul's own public listing and Nasdaq Dubai Growth Market combined with Dubai Expo in H2 of 2021, as important catalysts for GCC IPOs performance.
Florence Eid-Oakden, Ph.D, Chief Economist
Ghalia Al Bajali, Analyst
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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