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...
Mubadala Investment Company, the sovereign wealth fund from Abu Dhabi, is actively pursuing partnerships with global banks and market makers to establish a consortium of up to ten partners. This consortium will provide liquidity for a new stock exchange in Rio de Janeiro, known as the Base Exchange, according to two sources familiar with the...
Abu Dhabi-based Tabreed, a prominent district cooling company, has successfully raised $700 million through its inaugural five-year green sukuk. This issuance marks the first under the company’s new $1.5 billion trust certificate issuance program. The sukuk will be listed and traded on the London Stock Exchange’s International Securities Market. The issuance saw strong institutional demand,...