Press releases 2017

A decline in IPO activity in Q2 2017 as market volatility weighs on investor sentiment

After a positive start to the year, IPO performance in the Gulf Cooperation Council (“GCC”) in the second quarter (“Q2”) of 2017 witnessed a slowdown in both the number of offerings and total proceeds raised. The Kingdom of Saudi Arabia (“KSA”) hosted the only (three) IPOs of this quarter; they were allocated between Saudi Stock Exchange primary market (“Tadawul”) and the parallel market (“NOMU”).

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