Saudi Arabia expected to lead regional IPO market in 2021

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Tue, 2021-01-12 22:29

RIYADH: Saudi Arabia is set to lead the regional initial public offering (IPO) market in 2021, with authorities believed to be viewing over 15 potential listing applications, according to a report issued by the Kuwait-based KAMCO Investment Co.

The report said the Kingdom “continued to provide leadership for primary markets in 2020” as four out of the seven IPOs in the region were on the Saudi Stock Exchange (Tadawul).

The Kingdom also dominated in terms of IPO proceeds generated, accounting for 78 percent — or $1.45 billion — of issuance.

The report said the Kingdom “continued to provide leadership for primary markets in 2020” as four out of the seven IPOs in the region were on the Saudi Stock Exchange (Tadawul). (AFP/File Photo)
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