JPMorgan’s Managing Director and Co-Head of Equity Capital Markets for EMEA and APAC, Aloke Gupte, stated that the initial public offering (IPO) pipeline in the Gulf Cooperation Council (GCC) is set to continue progressing, even with current global market turbulence. While some IPOs may experience slight delays, Gupte believes that the momentum will still outpace...
Brown Advisory, a privately held global investment management firm managing $161.7 billion in client assets worldwide, has officially opened an office in the Abu Dhabi Global Market (ADGM). This expansion aims to address the increasing client demand for the firm’s global and US equities and fixed income strategies. Jack Weatherby has relocated to Abu Dhabi...
The MENA region experienced a significant increase in merger and acquisition (M&A) activity in 2024, with a total of 701 deals valued at $92.3 billion. This marks a 3% rise in deal count compared to 679 deals in 2023, while the total deal value has increased by 7% from the previous year. The Gulf Cooperation...
The Abu Dhabi National Oil Company (ADNOC) said Thursday that it planned to sell a 4% share in its subsidiary, ADNOC Gas, in order to raise up to $3 billion. Since Saudi Aramco’s $12.3 billion follow-on selling in June, this is the biggest sale of shares in the Middle East and North Africa (MENA) region....
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public...