GCC IPOs in 2022

Key Takeaways:

- GCC IPOs recorded 49 issuances (a 145% increase on YoY basis)
- Saudi Stock Exchange led the GCC markets with 36 IPO issuances (72%) of total GCC issuances in 2022
- Estimated proceeds surged by 208.51%, reaching USD 23.2 Billion in 2022
- The Utilities sector led the proceeds chart gathering USD 7.73 Billion (3 issuances) mostly attributable to the giant IPO of UAE’s DEWA
- Numerous IPOs have been oversubscribed. The top 5 were oversubscribed between 69 to 90 times
- Bayanat for Mapping and Surveying Services stock price witnessed a significant surge compared to its IPO issuance price with over 350% increase
- The GCC markets observed 23 delistings in 2022 (a 35.29% increase on YoY basis)
 

Download: teaser.co/ipos_2022