Top Saudi IPO Adviser Sees Two Big Years Ahead for Listings - Bloomberg:
"Saudi Fransi Capital, the top adviser for initial public offerings in the kingdom since 2012, expects the pace of share sales in the Gulf’s largest stock market to accelerate as equity valuations improve.
“The Saudi market is looking for new issuances and I think we’re going to have two big years for IPOs,” Chief Executive Officer Yasir Al-Rumayyan said in a March 27 phone interview from Riyadh. “Our deal pipeline is really big,” he said, declining to give more details on specific deals.
Saudi Arabian companies are joining counterparts across the Gulf planning to raise funds as asset values and investor demand increase. The investment banking arm of Banque Saudi Fransi (BSFR), a lender part-owned by Credit Agricole (ACA), has advised on 7 equity offerings worth 8.4 billion riyals ($2.4 billion) since 2011, surpassing global banks such as JP Morgan Chase & Co and HSBC Holdings Plc (HSBA) on equity advisory work in the kingdom."
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