Al Masah Capital Management Looks at Some Recent IPOs in the Middle East

Many investors have in recent times been captivated by the prospect of Saudi Aramco going public. With an initial public offering predicted to raise as much as 2 trillion U.S. dollars in capital, any such event will undoubtedly be historic.

On the other hand, the Middle East has been the scene of many highly significant deals of smaller scales recently. A look at some of the updates at the Al Masah Capital Management website will make this clear.

Many Significant Middle East Companies Are Interested in Raising Capital

As a well known financial firm with a focus on alternative investments, Al Masah keeps a close eye on developments throughout the region. News updates at the company’s site have recently including notes focusing on such firms as:

  • The Abu Dhabi National Oil Company. Although far smaller than Saudi Arabia’s competing national business, the Abu Dhabi National Oil Company, or Adnoc, remains a major player in the region. Equipped with a distribution focused subsidiary that represents a significant portion of its market value, Adnoc has recently been seeking capital to devote to other types of expansion. That quest recently saw it offering a 20 percent stake in its distribution unit to investors, a share that had been doubled compared to earlier plans. When it is finally completed, this major public offering will rank as one of the most important in the region in recent years, despite receiving relatively little mainstream attention in other parts of the world.
  • Emaar Development. Elsewhere in the United Arab Emirates, another significant initial public offering also merited attention from Al Masah analysts. The real estate industry in the Middle East is as vital and dynamic as ever, and Emaar Development is one of the UAE’s top players. With tens of thousands of residential units already successfully developed, Emaar’s listing on the Dubai exchange made for an especially notable event to many investors.

Where IPOs Are Slowing Elsewhere, the Pace is Still Picking Up in the Middle East

It has become something of an annoyance for many globally focused investors that IPO activity in most parts of the world has slowed down significantly. As a look at the Al Masah website will reveal, however, things are still going strong in the Middle East.