Mideast primary issues drop to USD1bn in H1

12 Jul 2017

(MENAFN) Mideast equity and equity-related issuance reached USD1bn amid the Jan-June period of this year, a 72 percent fall year on year.

Moreover, five initial public offerings (IPOs) raised USD603.3mn and reached 60 percent of first half equity capital market activity in the region.

Meanwhile, Dubai-based oil and gas production services firm ADES Intl Holding issued USD243.5mn on the London Stock Exchange in May.

Additionally, the National Bank of Kuwait took first place in the cited period of the year Middle Eastern ECM ranking with a 24 percent market share.



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