The Gulf states registered 18 subscription deals during the past year, valued at $ 2.6 billion, of which 12 deals for Saudi Arabia alone with a value of $ 1.5 billion, accounting for 57% of the total value of the subscriptions.
According to a report issued by the company Ernst and Young about the subscriptions, Namazun obtained a copy of it, and Saudi Arabia registered two subscription deals in the last quarter of 2018, namely the expert real estate investment fund subscription, which raised $ 64.1 million, and the National Education Education company which collected 66.7 million dollars.
The Saudi Stock Exchange Company, Tadawul, is currently working on initiatives including launching stock index futures and plans in the first quarter of 2019, and launching a special incentive program for local companies to list their shares on the trading lists.
In Bahrain, the Bahrain Stock Exchange witnessed the IPO operator IPM Terminals IPO in the last quarter of 2018, which achieved returns of $ 32 million, and the IPO was covered at a rate of 5.4 times, making it the most successful IPO in Bahrain in more than A decade.
Regarding the Middle East and North Africa region, last year, it witnessed 26 subscriptions, with a total value of $ 2.9 billion, an increase of 24.6% compared to 2017, despite the decrease in their number by 23.5%.
Tharwa Capital's IPO subscription reached $ 123.2 million during the fourth quarter of 2018, while the Egyptian government postponed the sale of a 4.5% stake in the state-owned Eastern Tobacco Company due to market fluctuations, which also led to the postponement of several IPO deals Plan is tentatively planned for 2019.
In Morocco, Mutandis’s IPO raised $ 44 million in the fourth quarter, ranking second in volume on the Casablanca Stock Exchange in 2018.
The Algiers Stock Exchange witnessed the listing of the shares of the first company in the category of small and medium-sized companies, and the subscription of AOM Invest Spa had raised revenues of $ 9.5 million in the last quarter of 2018.
The Algiers Stock Exchange has opened the small and medium-sized companies sector as part of the project to modernize the financial market, with the aim of increasing the contribution of this sector to the savings and finance the economy.
At the global level, the activity of underwriting deals continued to slow in the fourth quarter of 2018, as this period witnessed 326 subscriptions that raised $ 53.7 billion, a decrease of 34% and 10%, respectively, compared to the fourth quarter of 2017. p>
Namazon has prepared some Gulf and international reports, which can be viewed:
Gulf interest And Chinese bonds American .. So what are the reasons?
The partnership between Aldar and Emaar and sales of 2.6 billion dirhams in 2018
Notable stations on Muhammad bin Salman's visit to Pakistan
