Royal Bank of Scotland Group (RBS) expects to bring to the market up to four initial public offerings and at least seven debt issues in the Middle East where close to $80 billion (Dh293.7 billion) of debt is maturing in the next two years, senior bank officials said on Tuesday.
"We expect two to four IPOs in the region this year, mainly in Qatar and the UAE," Tom Emmet, RBS head of equity capital markets and mergers and acquisitions for the Middle East and Africa, said at a media roundtable in Dubai.
"My expectation is that if they come to the market this year, that's more likely in the second half. The IPO size is between $200 million and $400 million per issue," Emmet said, adding that some of these listings could take place in London.
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