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FINANCIAL NEWS
KSA, Egypt to lead IPO activity in MENA region by USD 615.0mn
28 Apr 2016
(MENAFN) The Middle East and N. Africa (MENA) area viewed two IPOs rising at USD 615.0mn in Q1 of this year, introducing another quarter with limited IPO activity.
Furthermore, the cited quarter viewed limited IPO activity, in line with H2 2015, as volatility in the region markets continued.
Egypt and Saudi Arabia continued to lead the limited IPO activity driven by investor demand and strong fundamentals.
Accordingly, both countries continued to be the most active MENA exchanges in Q1 2016, continuing on from 2015.
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