Citigroup's Azevedo Is Optimistic for IPOS in Saudi Arabia in 2019

The transcript discusses the optimistic outlook for IPOs in 2019, despite challenges from global market conditions and macroeconomic issues. It highlights investment opportunities in Saudi Arabia, UAE, and Egypt, noting the impact of geopolitical factors. The discussion also covers trends in the banking sector, including consolidation and technological disruption in financial services.

What was a major challenge in the IPO scene during the second half of 2018?

• Lack of asset sales

• High investor demand

• Divergences between sellers and investors

• Excessive market stability

What global factors are contributing to the delay in asset sales?

• Macroeconomic issues and geopolitics

• Stable interest rates

• High investor confidence

• Favorable market conditions

Why do investors require a period of stability before investing?

• To ensure high returns

• To avoid market volatility

• To assess geopolitical risks

• To wait for lower interest rates

Which country is highlighted for its increasing interest and benefits from economic reforms?

• Qatar

• Saudi Arabia

• UAE

• Egypt

What is a significant trend in the banking sector in the GCC?

• Consolidation and disruption

• Decline in financial services

• Increase in bank IPOs

• Stable banking operations