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FINANCIAL NEWS
GCC IPOs hike 148% in Jan-Sep
08 Nov 2012
(MENAFN) PricewaterhouseCoopers (PWC) stated that so far during the current year, initial public offering (IPO) activity in the countries of the Gulf Cooperation Council (GCC) soared 148 percent from 2011’s first 9 months, reported Arabian Business.
In the third quarter, only one listing took place, represented by Saudi’s City Cement Company, which managed to raise USD252 million, compared with 2011’s third quarter, when two IPOs also in Saudi raised USD219 million.
The Gulf region is witnessing higher issuer interest in equity markets mainly in Saudi, driven by better oil prices, strong corporate earnings and continual infrastructure requirements.
It is worth noting that the GCC’s bond market stayed undeterred during the summer, with a strong third quarter performance on both sovereign and corporate aspects.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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