GCC IPO activity picks up pace in Q2: PwC | ZAWYA MENA Edition:
A slight increase in IPO activity marked the second quarter of this year, offering some optimism for GCC markets with two companies listing on Saudi Arabia’s Tadawul, said professional services firm PwC in its GCC Capital Markets Watch.
A slight increase in IPO activity marked the second quarter of this year, offering some optimism for GCC markets with two companies listing on Saudi Arabia’s Tadawul, said professional services firm PwC in its latest GCC Capital Markets Watch.
Both the UAE’s promising pipeline and Tadawul stock exchange’s development offer some optimism for the GCC market. Despite this, GCC market activity continues to be slow with only two IPOs on Tadawul in Q2 2019, compared with five in the same quarter last year.
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