Saudi Arabia led the GCC IPO market in 2025, raising $4.1bn and accounting for 79% of total regional proceeds, despite a slowdown in overall activity.
On Saudi Arabia’s Tadawul, 13 IPOs on the Main Market raised $3.7bn, alongside 23 listings on the Parallel Market (Nomu) that generated $336m. The UAE recorded two IPOs raising a combined $544 million, while Oman raised $333 million and Kuwait $180 million.
Looking ahead, the depth of regional capital markets and continued reform across the GCC are expected to support a rebound in IPO activity as investor confidence strengthens and market conditions improve.
Gulf Economist Staff Writer