Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 551 | IPOs in the MENA region up 43% to $882m in second quarter of 2018 | Lebanon | Byblos Bank

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Country Risk Weekly Bulletin 551

Home Economic Research Country Risk Weekly Bulletin 551 IPOs in the MENA region up 43% to $882m in second ...
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IPOs in the MENA region up 43% to $882m in second quarter of 2018

Figures released by EY indicated that capital raised through initial public offerings (IPOs) in the Middle East & North Africa (MENA) region totaled $881.5m in the second quarter of 2018, up by 42.8% from $617.4m in the same quarter of 2017. There were nine IPOs in the MENA region in the second quarter of 2018, relative to eight IPOs in the same period of 2017. Capital raised through IPOs in the MENA region accounted for 2% of the total worldwide, while the number of IPO deals in the region represented 2.8% of the number of global IPOs. Also, seven IPOs in the GCC region raised a total of $780.3m in the second quarter of 2018. On a country basis, four IPOs in Saudi Arabia raised $517.7m in the second quarter of 2018, which is equivalent to 58.7% of the MENA region's total; followed by one IPO in each of Egypt, Morocco and Oman that raised $57.2m (6.5%), $44m (5%) and $12.8m (1.5%), respectively. Further, IPOs in the real estate sector raised $553m, or 62.7% of the MENA region's total, followed by the oil & gas sector with $225m (25.5%) and the financial services sector with $57.2m (6.5%). 
Source: EY
 
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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