Profile EYIPO activity in the Middle East and North Africa region has shown robust growth and resilience in the face of global economic fluctuations. According to EY’s latest MENA IPO Eye report, the Middle East and North Africa (MENA) region witnessed a remarkable surge in public listings, with 13 IPOs collectively amassing $1.8 billion in proceeds. However, IPO growth in MENA wasn’t isolated to the second quarter alone. In the first quarter of 2023, Middle East companies collectively contributed nearly 16% of the total global IPO proceeds, reflecting the region’s steady momentum following a successful 2022. Looking ahead, the prospects remain promising for the IPO scene in MENA, according to the EY report.

Source: The North Africa Journal August 17, 2023 04:53 UTC