RIYADH: Initial public offerings across the Middle East and North Africa raised $700 million in the third quarter of 2025, according to an EY MENA IPO Eye report.
A total of 11 IPOs were recorded during the period, marking a 120 percent year-on-year increase in the number of listings, driven by mid-market activity.
The strong performance extended to regional stock exchanges, with the MSCI Emerging Markets Index rising 25 percent, followed by the EGX 30 Index, which gained 23.3 percent, and the Boursa Kuwait Premier Market Index, which climbed 19.6 percent.
The surge in IPO activity across MENA reflects broader economic diversification efforts and deepening capital markets. In Saudi Arabia, real GDP grew 5 percent in the third quarter from a year earlier, driven by strong gains in both oil and non-oil sectors, official data showed.
In Egypt, the economy expanded 4.77 percent in the third quarter of fiscal year 2024/25, supported by an 18.8 percent year-on-year increase in non-oil manufacturing.
