IPO activity expected to pick up in the UAE and Saudi Arabia after slow start | The National:
"Upcoming initial public offerings in Saudi Arabia and the UAE are expected to make up for a disappointing first quarter in the region.
“The outlook for the remainder of the year is expected to improve with set IPOs and several announcements by issuers mainly on the Saudi and the UAE stock exchanges,” said Steve Drake, the head of the consultancy PwC’s capital markets and accounting advisory team in the Middle East.
“UAE regulators have initiated significant developments recently, with Nasdaq Dubai’s collaboration agreement with EGX [the Egyptian Exchange] and the new UAE Commercial Companies Law expected to further encourage listings.”"
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