RIYADH: Saudi Arabia led the initial public offering activities in the Middle East and North Africa region during the third quarter of this year, hosting five out of the total six IPO listings.
According to a report released by EY, these transactions collectively raised $330 million.
Lumi Rental Co., listed on Saudi Arabia’s Tadawul All Share Index, generated the highest proceeds at $291 million, while the other four IPOs in the Kingdom’s parallel market raised a total of $39 million.
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