15 Apr 2014
(MENAFN) MENA made as much as USD1.3 billion out of initial public offerings in the first quarter of the current year, or 21 percent lower than the same period in 2013, according to Arab News.
Phil Gandier, MENA head of Transaction Advisory Services, EY, says: “The MENA IPO market is off to a slower start in the first quarter compared to the same period last year, however compared to IPO performance over the past few years, Q1, 2014 has been one of the best performing quarters. The recently announced Emirates REIT and Marka IPOs will spur further IPO activity and point the way to high levels of activity through the first half of 2014.”
The largest IPO was with the Qatar-based Mesaieed Petrochemical Holding Company raising USD905 million, followed by Gulf Marine Services from the UAE raising USD275 million in the first quarter of 2014.
The remaining IPOs were with Saudi Marketing Company, raising USD72 million on the Tadawul stock exchange in Saudi, followed by Sotipapier in Tunisia, raising USD26 million and Cellcom in Tunisia raising USD6 million.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more