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Economy, Infographic

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

GCC IPOs resilient to volatility hurting other markets

By TRENDS Desk
December 6, 2022 12:57 pm
  • IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity.
  • Significant privatizations and private growth companies are now entering the IPO markets due to the recent surge of PO activity and frameworks introduced to enable SPAC formation.

Dubai, UAE — In the first five months of 2022 alone, and for the first time since the global financial crisis of 2009, various IPOs in the GCC raised $4.8 billion, a figure much higher than what IPOs in Europe could manage to mobilize.

Initial public offerings in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity, according to May Nasrallah, Founder & Executive Chairman of deNovo Corporate Advisors.

Significant privatizations and private growth companies are now entering the IPO markets due to the recent surge of PO activity and frameworks introduced to enable SPAC formation and listing in the area.

Here are some of the top IPOs in the GCC region:

 

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