Active growth of IPOs in the GCC countries: who is preparing to go public in Saudi Arabia and the UAE?

The IPO market in the Persian Gulf countries is actively developing. This year, companies from the technology, healthcare, transportation, and retail sectors are expected to announce their entry onto the stock exchange. This growth is due to economic reforms in the UAE and Saudi Arabia, as well as high interest from investors.

Trends in the IPO Market

In recent years, the number of Initial Public Offerings (IPOs) in the GCC countries has significantly increased. In 2022, there were 48 IPOs, raising over $22 billion. Last year, another 47 companies went public, raising a total of about $10 billion.

In the first quarter of this year, 10 IPOs in Saudi Arabia and the UAE raised $1.2 billion, confirming the growth of the market. This trend will continue in the future.

Among the companies preparing for an IPO are LuLu Group International, planning a dual listing in Abu Dhabi and Riyadh, and Alef Education, which has begun preparing for an IPO on the Abu Dhabi Stock Exchange. Possible IPO of Etihad Airways is also being discussed, which could be the first public offering of shares by an airline from the region.

In Saudi Arabia, companies from various sectors, such as energy, transport, and food industry, are actively considering going public. Among them are Saudi Global Ports, Flynas, Foodics.

The growth of IPOs in the Persian Gulf countries affirms investor confidence in the economic prospects of the region. Companies from various sectors are actively preparing to go public, contributing to the strengthening of capital markets and attracting foreign investment.

If you are following the development of the market or considering investing, it's a great time to turn to Kalinka brokers. Since 1999, we've been helping our clients invest in real estate worldwide.