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GCC Q1 IPO Activity by Country (2019-2024)
The Q1 IPO activity from 2019 to 2023 in the GCC region demonstrates a clear upward trend in both proceeds and the number of IPOs. KSA and UAE are the primary drivers of this growth, with significant market engagement and investor confidence. The surge in Q1 2022 highlights a pivotal moment for IPO activity, while Q1 2023 maintains strong performance despite a slight decline.
The early data for Q1 2024 suggests continued dominance by KSA and UAE in the IPO market, compared to Bahrain, Qatar, Oman, and Kuwait with minimal IPO activity.
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Dubai’s Digital Economy and Its Expanding Startup Ecosystem
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