“The region has retained a robust pipeline, with several companies in the GCC (Gulf Cooperation Council) and North Africa having announced their intentions to list.”

-Brad Watson, EY MENA Strategy and Transactions Leader. Saudi Arabia “emerged as a dominant force in initial public offering activity for the region in the first quarter of 2024,” according to EY, with nine IPOs launched during this period, as highlighted by the recently-released MENA IPO Eye Q1 2024 report. [Arab News]