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PRESSR: MENA region sees 11 IPOs raise US$0.7b in Q3 2025
PRESSR: MENA region sees 11 IPOs raise US$0.7b in Q3 2025
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KSA’s Dar Al Majed Real Estate Company raised the quarter’s highest proceeds in the region at US$336mKSA dominated listing activity with eight IPOs, overall MENA listings included Egypt and MoroccoThe pipeline for IPOs in the MENA region remains strong, with 19 companies and funds intending to list on the region’s exchangesDubai, UAE: According to the EY MENA IPO Eye Q3 2025 report, the region continued to demonstrate healthy activity and investor interest, with 11 initial public offerings (IPOs) raising US$0.7b in total proceeds. The number of listings increased by 120% when compared with the same quarter last year, driven by mid-market activity.In terms of MENA stock exchange performance, the MSCI Emerging Markets Index recorded a gain of 25%, followed closely by the EGX 30 Index and Boursa Kuwait Premier Market Index, which rose by 23.3% and 19.6% respectively.Brad Watson, EY-Parthenon MENA Leader, says:“Amid shifting market dynamics, performance in this past quarter reflects the increasing depth and maturity of MENA capital markets, supported by a steady pace of listings across multiple sectors and geographies. Companies are becoming increasingly strategic with market timing – carefully assessing investor sentiment and macroeconomic conditions before going public. With strong regulatory frameworks and a healthy pipeline leading into Q4 2025, the region is well-positioned for sustain, long-term growth which is likely to attract continued international participation.”KSA sees the region’s largest IPO for the quarterIn Q3 2025, the Kingdom of Saudi Arabia (KSA) remained the most active market with eight IPOs that together raised US$637m. Dar Al Majed Real Estate Company’s listing on the Tadawul Main Market led the quarter for the region in terms of capital raised at US$336m, contributing 45.5% of the total proceeds. This was followed by Marketing Home Group for Trading Co., which raised US$109m, and Sport Clubs Company, which raised US$69m, both on the Tadawul Main Market. The remaining IPOs were launched on the Nomu parallel market, collectively raising US$124.1m. The proceeds on the Tadawul Main Market were spread across a range of sectors, with real estate making up 55%. The Nomu – Parallel Market also continued to attract diverse issuers across sectors such as retail, healthcare, and industrial services.Beyond the GCC, Egypt welcomed the IPOs of Bony...