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Middle East investors turn cautious as IPO momentum stalls

After companies in the UAE and Saudi Arabia raised nearly $10 billion through initial share sales in 2024, the number sank to $6.5 billion this year

Vidhyaa Chandramohan/Bloomberg via Getty Images

The ADX securities exchange in Abu Dhabi

Middle East IPOs slowed to a crawl this year as investors have pulled back from public markets that surged following the global pandemic.

The 2024 boom was driven by high oil prices, strong government spending and privatizations, which...