Middle East IPOs Enjoy Sharp Rise in Activity in Q1
May 10, 2010 - According to Ernst & Young, IPOs in the Middle East netted more than $420 million in the first quarter of 2010, up from $83.6 million in Q1 2009.
Six IPOs, five in Saudi Arabia and one in Qatar, were introduced in Q1, with Mazaya Qatar Real Estate Development Company netting the lion's share of the capital by raising $144.21 million. Herfy Food Services also netted more than $100 million in investments -- 4.6 times more than the offer size.
Read more at IPO News Today:
Middle East IPO News - http://ipo.einnews.com/middle-east/
Saudi Arabia IPO News - http://ipo.einnews.com/saudiarabia/
Located at http://ipo.einnews.com, IPO News Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest IPO news from more than 7,000 news sites from around the world. Daily news updates on these topics are also available in email and RSS formats.
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Six IPOs, five in Saudi Arabia and one in Qatar, were introduced in Q1, with Mazaya Qatar Real Estate Development Company netting the lion's share of the capital by raising $144.21 million. Herfy Food Services also netted more than $100 million in investments -- 4.6 times more than the offer size.
Read more at IPO News Today:
Middle East IPO News - http://ipo.einnews.com/middle-east/
Saudi Arabia IPO News - http://ipo.einnews.com/saudiarabia/
Located at http://ipo.einnews.com, IPO News Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest IPO news from more than 7,000 news sites from around the world. Daily news updates on these topics are also available in email and RSS formats.
About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.
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