IPO
Market cap on listing seen at $2.57 billion
UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year
Total offering size to reach between $496 million and $515 million
Privatization of state-related entities to support the initial phase of regional IPO growth
Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion
The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter
Notable market gains included MBC Group Co and Avalon Pharma
UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs
The market attracted nearly 44,000 new investors in Q1 this year, and 85 percent of them are international
IPO saw an oversubscription rate of 64 times in aggregate
Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis
