Sunday 9 November 2014

GCC IPO activity seen to skyrocket in ’15: EY | Economy | Saudi Gazette

GCC IPO activity seen to skyrocket in ’15: EY | Economy | Saudi Gazette:



"MENA IPO market jumped ten-fold in the third quarter of 2014 to $1.7 billion from $150.7 million raised in Q3 2013,  EY’s “MENA Q3 2014 IPO Update” report showed.



IPO activity in Q3 2014 was limited to three IPOs, the report noted.



Emaar Malls Group (EMG) listed on the Dubai Financial Market (DFM) in the UAE. The two IPOs of Zain Bahrain (Bahrain) and Délice Holding (Tunisia) closed in Q3 2014 and are expected to list in the beginning of Q4 2014. "



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