Last year, 23 Middle East and North Africa (MENA) family and non-family businesses raised $3 billion (€2.2 billion) through public listings, up 64% in volume and 51% in value compared to 2012.
Ernst & Young’s transaction advisory services leader for MENA Phil Gandier said the momentum for initial public offerings (IPOs) looks set to continue over the next nine months, with a strong pipeline of businesses preparing to list.
