Optimism remains high across the Middle East and North Africa (MENA), with the region looking to strengthen the capital markets infrastructure and boost future liquidity.
MENA markets enjoyed a successful 2024, seeing a total of 54 initial public offerings (IPOs) last year, raising a total $12.6billion, according to the MENA IPO Eye Q4 2024 report by EY. These numbers represent a 12.5 per cent increase in the number of IPOs and a 17.6 per cent rise in proceeds.
This year-on-year increase in proceeds for 2024 was impacted by a number of large-value IPOs listed during the last quarter of the year.
Of these, Talabat Holding plc, which listed on the…
