News

Mena IPOs raise $350m in Q3

IPOInitial public offerings (IPOs) in the Mena region raised more than $350 million in Q3 this year. While the figure is a 33% drop on IPO activity in Q3 of 2017, it nevertheless represents a 21.9% rise in value, year-on-year. The figures were provided by consultant EY’s Mena IPO Eye report. EY’s Mena transactions leader Phil Gandier ascribed the 33% fall to the number of companies that shelved flotation plans due to global trade and regulatory concerns, uncertain market conditions and fluctuating oil prices among other factors. Given these factors, the year-on-year increase was all the more positive, said Gandier. The biggest IPO involved Saudi-based Leejam Sports Company which raised $220.6 million on the Saudi Stock Exchange. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.