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The Middle East and North Africa (MENA) region experienced 10 IPOs in Q1 2023, raising a total of $3.4 billion, according to an EY report. Although there was a decrease in both the number of listings and their value compared to the previous year, the MENA IPO market remained strong amid global uncertainties. Saudi Arabia led in listing activity, followed by the UAE, whose Adnoc Gas PLC raised $2.5 billion, the largest IPO of the quarter globally.  and Despite geopolitical challenges, investor confidence in the region remains robust, and there is a promising IPO pipeline for the rest of the year, supported by various initiatives.

Adnoc Gas IPO was world’s largest in Q1, EY report shows

The Middle East and North Africa (MENA) region experienced 10 IPOs in Q1 2023, raising a total of $3.4 billion, according to an EY report. Although there was a decrease in both the number of listings and their value compared to the previous year, the MENA IPO market remained strong amid global uncertainties. Saudi Arabia led in listing activity, followed by the UAE, whose Adnoc Gas PLC raised $2.5 billion, the largest IPO of the quarter globally.  and Despite geopolitical challenges, investor confidence in the region remains robust, and there is a promising IPO pipeline for the rest of the year, supported by various initiatives.

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