{"id":591193,"date":"2023-08-01T00:00:00","date_gmt":"2023-08-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/01\/citigroup-is-gearing-up-for-a-new-run-of-gulf-ipos-in-the-coming-months\/"},"modified":"2023-08-01T00:00:00","modified_gmt":"2023-08-01T00:00:00","slug":"citigroup-is-gearing-up-for-a-new-run-of-gulf-ipos-in-the-coming-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/01\/citigroup-is-gearing-up-for-a-new-run-of-gulf-ipos-in-the-coming-months\/","title":{"rendered":"Citigroup is gearing up for a new run of Gulf IPOs in the coming months"},"content":{"rendered":"

Citi expects fresh IPOs in the Gulf in 4Q: <\/strong> Citigroup expects a fresh run of IPOs in Dubai and Saudi Arabia in 4Q and 2024, the bank\u2019s head of Middle East and North Africa capital markets, Rudy Saadi, told Bloomberg<\/a> yesterday. The bank is being courted by a number of companies looking to go public in the region, he said, without disclosing names or saying when he expected them to go live. \u201cThe pipeline is solid, it\u2019s promising for post the summer and 2024,\u201d he said. <\/p>\n

The potential candidates:<\/strong> Advanced Inhalation Rituals<\/a> and Alef Education are gearing up for IPOs, Bloomberg reports citing sources it says are familiar with the matter. Dubai Roads & Transport Authority\u2019s Taxi and parking businesses are also on the list. <\/p>\n

It has been a good year for Gulf markets:<\/strong> IPOs in the region have drawn more than USD 5 bn so far this year, exceeding volumes achieved during the same period in the past decade, with the exception of 2022, the news outlet reports. <\/p>\n

ALSO WORTH NOTING-<\/strong> <\/p>\n