14 public subscription in the Middle East and North Africa during the first quarter
Dubai, May 6 / WAM / The markets of the Middle East and North Africa region recorded 14 public subscriptions with a total of $ 2.4 billion in the first quarter of 2025, an increase of 4 subscriptions, according to a report by Ernst and Young today.
The revenues collected by 106%increased, compared to the same period in the previous year.
The preliminary public subscriptions were in the first quarter of 2025 from the share of the United Arab Emirates and the Kingdom of Saudi Arabia, and the Sultanate of Oman.
During the first quarter of 2025, the UAE witnessed a single public subscription in the Abu Dhabi Securities Market for Alpha Data, a company operating in the software and information technology services sector, through which it raised $ 163 million.
Gregory Hughes, head of subscription services and deals in the Middle East and North Africa at EY, said that the growing demand for offering shares in the Middle East and North Africa region led to the development of the market infrastructure by offering new products, improving governance standards, and focusing on transparency and accountability.
According to “Ernst and Young”, positive expectations continue regarding the activity of public subscriptions in the Middle East and North Africa region for the remainder of 2025, as 21 companies intend to include their shares on the region’s stock exchanges through a variety of sectors.
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