Citigroup Sees Strong Middle East IPO Pipeline Running Into 2024
- IPOs in the region have fetched $5.1 billion so far this year
- Dubai RTA’s taxi and parking businesses are preparing to list
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Bankers in the Middle East aren’t getting much of a summer break this year, with a number of initial public offerings slated for the fourth quarter and a strong pipeline already building for 2024, according to Citigroup Inc.
The Wall Street firm has received a number of requests for proposals for offerings as the region continues its run as a hot spot for share sales, Rudy Saadi, head of Middle East and North Africa equity capital markets, said in an interview with Bloomberg TV on Monday.