Investors Flock To Gulf IPOs

Anish Ailawadi, Head of Investment Banking at Acuity Knowledge Partners, explains that the Saudi Arabian market is expected to see about 50 listings in 2022 and 2023, compared with just 20 in 2021. However, family businesses in Saudi Arabia are still reluctant to go public.

Extract from the article- “Family-owned companies in Saudi Arabia are hesitant to go public, for the fact that they are expected to announce every action that might impact the share price seems a bit overwhelming to them.”