Google+ Followers

Wednesday, 15 March 2017

As You Wait for Aramco, Here Are Other Middle East IPO Hot Spots - Bloomberg

As You Wait for Aramco, Here Are Other Middle East IPO Hot Spots - Bloomberg:

"Saudi Arabian Oil Co.’s plans for a giant initial public offering are top of mind for Middle East investors -- but they may have to wait at least until late 2018 to snap up the shares. While they prepare for Aramco, regional money managers are taking stock of what else might come to market this year. After a slow 2016, when IPOs in the Middle East and Africa fell 64 percent to $1.7 billion, according to data compiled by Bloomberg, activity in the region should pick up this year, said Jaap Meijer, head of equity research of Arqaam Capital Ltd. in Dubai. “The IPO pipeline in Saudi Arabia, in particular, looks strong with some interesting names listing on the Nomu exchange,” which focuses on small and mid-size enterprises, Meijer said. “In Egypt, the government is looking to embark on a large privatization process, starting with the banking sector, with Banque du Caire and the Arab African International Bank said to be the first candidates.”"



'via Blog this'