Companies hurried to prepare share sales during the first quarter as Dubai and Saudi Arabia's stock markets entered bull territory, the euro-zone debt crisis eased and much of the turmoil of the Arab Spring abated.
A single initial public offering in the Gulf during the first three months of the year raised US$62.4 million (Dh229.2m), according to data from Bloomberg News. Takween Advanced Industries, a plastics manufacturer in Saudi Arabia, listed on the Tadawul All-Share Index in February.
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