The MENA region recorded a surge in IPO activity in the first quarter of 2025, with 14 companies going public and raising a combined $2.4bn, according to EY’s latest MENA IPO Eye report. This reflects a year-on-year 106% increase in total capital raised.
Saudi Arabia dominated the region’s IPO landscape, accounting for 12 of the 14 listings. Two of the largest IPOs listed in KSA were Umm Al Qura for Development & Construction and Almoosa Health.
The UAE saw one IPO listed during this period on the Abu Dhabi Securities Exchange (ADX) with software and IT services company Alpha Data PJSC raising $163m.
Gulf Economist Staff Writer