The Middle East is currently experiencing an “IPO boom,” the Financial Times reported. In 2022, global investors invested $19.8 billion in local companies, and the total amount of investment attracted to the region grew 179% year-over-year.
The Middle East in 2022 became the only region in the world in which the value of investments increased year on year, notes the Financial Times.
As of the end of 2022, global private equity funds were involved in 191 transactions with Middle Eastern companies. In total, 51 IPOs were held in the region together with firms from North African countries (MENA), as a result of which the companies raised $22 billion, almost three times more than in 2021.
For example, in Saudi Arabia, 80 companies are preparing for an initial public offering. In total, according to 2022 data, 269 companies are listed on the local stock exchange against 188 in 2017. The cumulative market capitalization of Saudi companies on the stock exchange has grown by 475% in five years.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
