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Bloomberg: Mideast IPOs poised for rebound
The initial public offering (IPO) market in the Gulf countries has come to a halt, with stock sales this year amounting to just over one billion dollars—its lowest level since 2021—due to geopolitical tensions and their impact on activity. Nonetheless, companies continue preparing for upcoming listings as conditions improve, with expectations of a potential rebound in the second half of the year, especially in Saudi Arabia, which remains one of the strongest markets in the region.
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