Citigroup Sees Strong Middle East IPO Pipeline Running Into 2024

The video discusses the current state and future prospects of the IPO market in the Middle East, focusing on Saudi Arabia and the UAE. It highlights the impact of rising interest rates on IPOs, the challenges faced by family offices and private companies in going public, and the sectors expected to see increased activity. The discussion emphasizes the need for investors to value companies based on growth rather than dividend yield, and the potential for tech companies to enter the market.

What has been the impact of rising interest rates on IPOs in the Middle East?

• Increased investor interest

• Higher yields expected by investors

• Decreased number of IPOs

• No impact on IPOs

What is the next step for the Middle East market according to the discussion?

• Guide investors to value companies based on growth

• Reduce the number of IPOs

• Focus on dividend yield

• Increase government-linked IPOs

What is a major concern for family offices in the Gulf when considering IPOs?

• Insufficient market liquidity

• Lack of investor interest

• Valuation discounts

• High listing fees

What is needed to encourage private companies to list on local exchanges?

• Comfort that they won't suffer valuation discounts

• Reduced regulatory requirements

• More investor education

• Higher government subsidies

Which sector is NOT mentioned as a focus for future IPOs in the Middle East?

• Utilities

• Healthcare

• Automotive

• Technology