FINANCIAL NEWS

Saudi Arabia sees one IPO in Q4 raising USD 101mn

06 Feb 2016

(MENAFN) The last quarter (Q4) of last year viewed the sluggish main public offering (IPO) performance in Q3 proving that 2015 was an unstable year for IPOs in the GCC.

Moreover, the kingdom viewed the only IPO in Q4m which raised USD 101mn from the deal, and it was oversubscribed and well received by investors.

Additionally, Q3 of the cited year saw no IPOs whereas Q2 proved to be the strongest quarter in terms of the number of offerings and the money raised USD 1.2bn.

IPO performance in Q4, compared to the same quarter of 2014 was higher in the prior year with USD 7.3bn from whole five floats.

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