The UAE’s initial public offering (IPO) pipeline is poised to diversify as Cafu, a Dubai-based fuel delivery start-up, considers selling a stake in the business. This potential sale comes amid strong investor demand for new listings, as reported by Bloomberg, which cited sources familiar with the matter. Cafu is reportedly collaborating with Lazard, a financial...
Saudi Arabia is working to boost the number of potential public offerings as part of its strategy to diversify its economy away from oil and enhance its financial sector. The country is focusing on attracting foreign investors through these efforts. Mohammed Al-Rumaih, the chief executive officer of the Saudi stock exchange, stated in an interview...
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...
Proceeds from initial public offerings (IPOs) in the Middle East and North Africa (MENA) region have surged, more than doubling to $2.4 billion in the first quarter of 2025. This increase represents a 106% rise year-on-year, driven by significant activity in Saudi Arabia, as reported by EY. During this period, the number of IPO listings...
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...