Major initial public offerings in the region are still scarce but banks are starting to win mandates again with consumer and healthcare companies expected to lead new equity listings, participants told the Reuters Middle East Summit.
Thin volumes and high trading volatility -- sparked mainly by regional retail investors -- have sunk valuations on the region's exchanges and kept international institutions on the sidelines, awaiting clarity on companies' debt troubles.
Middle East IPOs raised $1 billion in the first half of 2010, a report by Ernst & Young said in September, a 9 percent decrease from the same period a year ago. But a recent slew of deals is signaling a return of confidence.
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