Reported 12 months ago
EFG Hermes' head of equity capital markets, Ali Khalpey, predicts a continued boom in Gulf IPO activity, with e-commerce and IT companies among those expected to go public in the second half of the year. Khalpey anticipates working on multiple listings in Saudi Arabia and Oman, with UAE also seeing private sector-led IPOs. Sectors like e-commerce, IT services, health care, and consumer finance are likely to see IPOs, with private-sector deals estimated at $300-$500 million and government listings being larger. EFG Hermes has been active in the region, leading in equity offerings and being involved in noteworthy IPOs like Dr. Soliman Abdel Kader Fakeeh Hospital Co. in Saudi Arabia.
Source: YAHOO