GCC capital markets to pick up in Q4 after quiet Q3: PwC | ZAWYA MENA Edition:
Gulf Cooperation Council’s (GCC) capital markets activity will pick up in Q4 2019, following a subdued Q3 2019, according to a PwC study. However, the debt market was active during the third quarter.
Steve Drake, PwC Middle East Capital Markets Partner, said: “We anticipate the coming quarter to be significantly more active with the recent announcement of Saudi Aramco's record-breaking flotation on Tadwaul, along with many other companies, which have expressed their intention to list in 2019.”
“Meanwhile Tadawul’s recent announcement that it will soon allow listing of foreign companies on its exchange offers further optimism and will further promote equity activity in the region,” Drake added.
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