Oil, tech and Tom Cruise fuel surge in Mideast IPOs

As Gulf generates buzz in sports and entertainment, investors follow the money to stock exchanges in Riyadh and Dubai

When Jamjoom Pharma sold a 30% stake in its generic drug business on Saudi Arabia’s Tadawul stock exchange in June, the company raised $336 million and generated new interest in the Gulf amid an IPO drought in other markets.The...

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