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FINANCIAL NEWS
Saudi Arabia domestic IPOs increase at USD 1bn
27 Dec 2015
(MENAFN) Local IPOs in Saudi Arabia declined this year, with capital raised falling 84 percent (from USD 6.4bn last year to USD 1bn this year), while volume fell from 5 listings to 3 this year.
Europe, Middle East& Africa (EMEA) is the only region that showed increase in domestic deals global trends were reflected in nations like the UAE, Saudi Arabia and Egypt.
Additionally, the index exposed that local and cross-border deal IPO activity across the world decreased this year, with possible issuers facing poor market performance.
Overall, cross-border IPOs raised USD 37.8bn worldwide from Jan 2015 to Dec 2015, down 53 percent from last year.
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