Wednesday 5 February 2014

Saudi IPOs expected to top last year’s total | GulfNews.com

Saudi IPOs expected to top last year’s total | GulfNews.com:



"Early mandates and talks in progress point towards an increase in Saudi Arabia’s initial public offerings in 2014 compared to last year, a senior investment official at a Saudi bank told Gulf News on Tuesday.



There will be a pick up in listings this year, said Khalid Nasser Al Muammar, chief executive officer at Saudi Hollandi Capital, on the sidelines of the final day of Sukuk Congress in Dubai yesterday.



In 2013, only five IPOs were launched in the Gulf’s biggest stock market. Saudi Hollandi Capital is currently working on one IPO, which it has a mandate for."



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