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The GCC goes to market

The GCC’s largest initial public offering markets are on the rebound as a receding pandemic paves the way for diversified recovery

Initial public offering (IPO) activity is heating up in the GCC as regional governments chart aggressive equity market expansion strategies within their wider schemes to diversify away from oil revenues.

The appetite to attract investments through regional bourses is not new. However, the push to transform the Gulf’s hitherto locally focused platforms into globally competitive institutions has taken on a new flavour as the pandemic continues to recede and the risk of sustained inflation looms large. Read more here

Regional stock listings gather pace