Home NewsKuwait GCC IPOs raise USD 931 million in Q1 2024 – ARAB TIMES – KUWAIT NEWS

GCC IPOs raise USD 931 million in Q1 2024 – ARAB TIMES – KUWAIT NEWS

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Kuwait City, May 12: Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, stating that the region has raised total proceeds of USD 931 million through 9 offerings during the first three months of 2024, marking a year-on-year decline in value by 73% compared to the first quarter of 2023, where issuers raised USD 3.5 billion through 12 offerings.

Geographical Allocation:

Markaz’s report stated that Saudi Arabia…

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