Latest news with #Markaz
Arab News
15-07-2025
- Business
- Arab News
Saudi Arabia raises $1.34bn through July sukuk issuance
RIYADH: Saudi Arabia's National Debt Management Center raised SR5.02 billion ($1.34 billion) through its riyal-denominated sukuk issuance for July, marking a sharp 113.6 percent increase compared to the previous month. In June, the Kingdom issued sukuk worth SR2.35 billion, while May and April saw issuances of SR4.08 billion and SR3.71 billion, respectively. Sukuk are Shariah-compliant financial instruments that offer investors partial ownership in an issuer's underlying assets, making them a popular alternative to conventional bonds. According to NDMC, the July issuance was divided into four tranches. The first tranche, valued at SR776 million, will mature in 2029. The second, worth SR1.34 billion, is set to mature in 2032, followed by a third tranche of SR823 million due in 2036. The largest tranche, totaling SR2.08 billion, will mature in 2039. Saudi Arabia's debt market has witnessed robust growth in recent years, attracting strong investor interest in fixed-income instruments amid a global environment of rising interest rates. In April, Kuwait Financial Center, also known as Markaz, reported that Saudi Arabia led the Gulf Cooperation Council in primary debt issuances during the first quarter of the year. The Kingdom raised $31.01 billion from 41 offerings, accounting for over 60 percent of total issuances across the region. Credit rating agency S&P Global noted in April that Saudi Arabia's expanding non-oil sector and steady sukuk issuance volumes are likely to support the growth of the global Islamic finance industry. The agency forecasts global sukuk issuance to reach between $190 billion and $200 billion in 2025, with foreign currency-denominated offerings contributing up to $80 billion, assuming market conditions remain stable. Echoing that outlook, a report by Kamco Invest published in December said Saudi Arabia is expected to account for the largest share of bond maturities in the GCC between 2025 and 2029, with $168 billion set to mature during the period. Earlier this month, S&P Global reiterated its positive view, stating that the global sukuk market is on track to maintain its momentum in 2025, with foreign currency-denominated issuances projected to reach between $70 billion and $80 billion.
Zawya
15-07-2025
- Business
- Zawya
Proceeds from GCC IPOs decline 6% in H1 2025 to $3.4bln
GCC IPO markets were shaped by significant geopolitical shifts in the first half of 2025, with proceeds declining 6% to $3.4 billion from the previous year's $3.6 billion raised, according to Kuwaiti research firm Markaz. In a year impacted by economic uncertainty, oil price volatility and US tariffs threatening to ignite a global trade war, the GCC still managed to outpace the previous year in terms of offerings with 24 listings, compared to the 23 recorded in H1 2024. According to Markaz, Saudi Arabia still took the top spot, raising $2.86 billion from IPOs in the first half of the year, through 22 offerings, a notable rise from the $2.1 billion raised in 2024, across 19 offerings. The kingdom's figure constituted to 85% of the total GCC IPO proceeds raised during the year, representing a 36% increase in IPO value compared to H1 2024. The most notable decline was reported by the UAE, which raised $163 million in 2025, dropping 88% from the $1.32 billion raised from IPOs in H1 2024. In 2024, the UAE's offerings constituted 37% of total GCC IPO proceeds, across three offerings. Markaz reported Alpha Data's IPO as the only one for the year, which did not include Dubai Holding's $584 million residential real estate investment trust, which surged more than 13% on its trading debut on May 28. Elsewhere, Oman's Asyad Shipping Company IPO was reported as one of the biggest trading debuts for the sultanate during the first half of the year, raising $333 million. The March 12 listing also achieved the highest gain at 835% by the end of H1 2025, according to Markaz. Saudi Arabia's Umm Al Qura for Development and Construction Company followed recording a gain of 51% during H1 2025. Flynas the largest IPO on Tadawul and the region during H1 2025 witnessed a 3.4% drop in the first day performance but ended the period recording a 0.2% drop compared to its offer price. Companies in the materials sector witnessed negative returns compared to their offer price, with Saudi's marble producer Hedab Alkhaleej Trading Co. witnessing a decrease of 30% in its share price during H1 2025, while the Nomu-listed Dkhoun National Trading Company decreased by 27% and Service Equipment Co. decreased by 26%. According to Markaz data, at the end of H1 2025, only 10 out of the 24 IPOs had shown positive return compared to their offer price, while Kuwait, Qatar, and Bahrain saw no IPOs during this period. GCC IPO pipeline Markaz reports Saudi is expected to continue its dominance in the IPO market with strong activity across multiple sectors. Upcoming IPOs include Sports Club Co., AlRamz Real Estate Company, National Unified Procurement Company, Tabby on the Main Market, along with Riyad Capital. The UAE expects to witness activity in the industrials and technology sectors, according to Markaz, with Etihad Airways and Amanat Holding Education platform expected before 2026 ends. (Writing by Bindu Rai, editing by Seban Scaria)
Arabian Business
14-07-2025
- Business
- Arabian Business
GCC IPOs raise $3.4bn in H1 2025 as Saudi Arabia dominates regional listings
The GCC region recorded 24 initial public offerings in the first half of 2025, raising a total of $3.4bn, according to a new report by Kuwait Financial Centre (Markaz). This marks a 6 per cent year-on-year drop in IPO proceeds, compared to $3.5bn raised from 23 IPOs during the same period last year. Despite the modest decline overall, Saudi Arabia continued to dominate the regional IPO landscape, while the UAE saw an 88 per cent decrease in proceeds compared to the first half of 2024. Gulf IPO proceeds by country Saudi Arabia was the clear leader, accounting for 85 per cent of total IPO proceeds in the region. Saudi Arabia: $2.8bn from 22 IPOs (Up 36 per cent YoY) UAE: $163m from 1 IPO – Alpha Data, a software firm (Down 88 per cent YoY) Oman: $333m from 1 IPO – Asyad Shipping Company Kuwait, Qatar, Bahrain: No offerings in H1 2025 The Industrials sector was the top performer, raising $1.4bn – nearly 43 per cent of all proceeds – led by Flynas and Asyad Shipping. Sector Proceeds Percentage share Industrials $1.4bn 43 per cent Real estate $576m 17 per cent Healthcare $505m 15 per cent Financial services $408m 12 per cent Technology $204m 6 per cent Consumer staples $136m 4 per cent Materials $102m 3 per cent Consumer discretionary $34m 1 per cent Of the 24 IPOs, 10 recorded positive returns by the end of H1 2025. Top performers: Asyad Shipping Company: +835 per cent since March 12 listing Umm Al Qura (Saudi Arabia): +51 per cent Underperformers Hedab Alkhaleej Trading Co.: –30 per cent Dkhoun National Trading Company: –27 per cent Service Equipment Co.: –26 per cent Flynas: –0.2 per cent overall (despite brief first-day drop of 3.4 per cent) GCC market performance – H1 2025 Market indices showed mixed results in the first half of 2025: Market YTD performance Boursa Kuwait +18.1 per cent Dubai Financial Market +10.6 per cent Abu Dhabi Exchange (ADX) +5.7 per cent Qatar Stock Exchange +1.7 per cent Muscat Securities Market –1.7 per cent Bahrain Bourse –2.1 per cent Saudi Tadawul –7.6 per cent Saudi Arabia is expecting to continue its dominance in the IPO market with strong activity across multiple sectors by PIF-led listing while the UAE expects to witness activity in the industrials and technology sectors. Moreover, Kuwait's Capital Markets Authority has officially launched a new regulatory framework to support the listing and trading of emerging companies on Boursa Kuwait in hopes to encourage public listings and enhance the Kuwaiti market
Zawya
14-07-2025
- Business
- Zawya
Markaz: GCC IPOs raise $3.4bln in H1 2025
Kuwait – Kuwait Financial Centre 'Markaz' released its research report titled 'Initial Public Offerings (IPO) in the GCC markets', stating that the region has seen 24 offerings during the year 2024 raising a total of USD 3.4 billion in proceeds, marking a 6% decrease compared to the previous year, where issuers raised USD 3.5 billion through 23 offerings. Geographical Allocation: Markaz's report stated that Saudi Arabia led the region in terms of IPO proceeds for the first half of the year, raising a total of USD 2.8 billion through 22 offerings which constituted 85% of the total GCC IPO proceeds during the year representing a 36% increase in IPO value compared to H1 2024. Alpha Data, a software firm in the United Arab Emirates was the only IPO for the country during the first half of 2025 raising USD 163 million. This marks a 88% decline in proceeds for the UAE compared to the same period last year. Moreover, Oman's Asyad Shipping Company was the only IPO in the country during the first half of the year raising USD 333 million. Kuwait, Qatar, and Bahrain saw no IPOs during the first half of 2025. Sector Allocation: The Industrials sector raised a total of USD 1.4 billion, accounting for nearly 43% of the total proceeds during H1 2025 from offerings led by Flynas' USD 1.1 billion IPO followed by Asyad Shipping Company and Itmam Consulting Company. This was followed by the Real Estate sector which accounted for 17% of total proceeds for H1 2025 with USD 576 million of which Umm Al Qura for Development and Construction contributed USD 523 million. The Healthcare sector raised USD 505 million of which Specialized Medical Company's IPO raised USD 500 million. The Financial Services, Technology, Consumer Staples, Materials and Consumer Discretionary sectors contributed 12%, 6%, 4%, 3% and 1% respectively. Post-Listing Performance: At the end of H1 2025, 10 out of the 24 IPOs had shown positive return compared to their offer price. Asyad Shipping Company which was listed on the 12th of March 2025, achieved the highest gain at 835% by the end of H1 2025. Saudi Arabia's Umm Al Qura for Development and Construction Company followed recording a gain of 51% during H1 2025. Flynas the largest IPO on Tadawul and the region during H1 2025 witnessed a 3.4% drop in the first day performance but ended the period recording a 0.2% drop compared to its offer price. On the other hand, many companies in the Materials sector witnessed negative returns compared to their offer price. Hedab Alkhaleej Trading Co. witness a decrease of 30% in its share price during H1 2025, Dkhoun National Trading Company decreased by 27% and Service Equipment Co. decreased by 26%. GCC Markets Performance The GCC equity market indices have experienced mixed performance in the first six months of 2025. Boursa Kuwait outperformed its GCC peers with a 18.1% increase year to date followed by Dubai Financial Market with a 10.6% increase. The Abu Dhabi Exchange (ADX) and Qatar Stock Exchange followed increasing 5.7% and 1.7% respectively. On the other hand, the Muscat Securities Market witnessed a decrease of 1.7%, Bahrain Bourse by 2.1% and Saudi Tadawul by 7.6%. GCC IPO Pipeline: Saudi Arabia is expecting to continue its dominance in the IPO market with strong activity across multiple sectors by PIF-led listing while the UAE expects to witness activity in the industrials and technology sectors. Moreover, Kuwait's Capital Markets Authority has officially launched a new regulatory framework to support the listing and trading of emerging companies on Boursa Kuwait in hopes to encourage public listings and enhance the Kuwaiti market -Ends- About Kuwait Financial Centre 'Markaz' Established in 1974, Kuwait Financial Centre K.P.S.C 'Markaz' is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.44 billion (USD 4.67 billion) as of 31 March 2025. Markaz was listed on the Boursa Kuwait in 1997. Over the years, Markaz has pioneered innovation through the creation of new investment channels. These channels enjoy unique characteristics and helped Markaz widen investors' horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), Forsa Financial Fund (the first options market maker in the GCC since 2005), and the GCC Momentum Fund (the first passive fund of its kind in Kuwait and across GCC that follows the momentum methodology), all conceptualized, established, and managed by Markaz. For further information, please contact: Sondos Saad Corporate Communications Department Kuwait Financial Centre K.P.S.C. "Markaz" Email: Ssaad@
Al Bawaba
14-07-2025
- Business
- Al Bawaba
Markaz: GCC IPOs raise USD 3.4 billion in H1 2025
Kuwait Financial Centre 'Markaz' released its research report titled 'Initial Public Offerings (IPO) in the GCC markets', stating that the region has seen 24 offerings during the year 2024 raising a total of USD 3.4 billion in proceeds, marking a 6% decrease compared to the previous year, where issuers raised USD 3.5 billion through 23 Allocation:Markaz's report stated that Saudi Arabia led the region in terms of IPO proceeds for the first half of the year, raising a total of USD 2.8 billion through 22 offerings which constituted 85% of the total GCC IPO proceeds during the year representing a 36% increase in IPO value compared to H1 Data, a software firm in the United Arab Emirates was the only IPO for the country during the first half of 2025 raising USD 163 million. This marks a 88% decline in proceeds for the UAE compared to the same period last year. Moreover, Oman's Asyad Shipping Company was the only IPO in the country during the first half of the year raising USD 333 million. Kuwait, Qatar, and Bahrain saw no IPOs during the first half of Allocation:The Industrials sector raised a total of USD 1.4 billion, accounting for nearly 43% of the total proceeds during H1 2025 from offerings led by Flynas' USD 1.1 billion IPO followed by Asyad Shipping Company and Itmam Consulting Company. This was followed by the Real Estate sector which accounted for 17% of total proceeds for H1 2025 with USD 576 million of which Umm Al Qura for Development and Construction contributed USD 523 million. The Healthcare sector raised USD 505 million of which Specialized Medical Company's IPO raised USD 500 million. The Financial Services, Technology, Consumer Staples, Materials and Consumer Discretionary sectors contributed 12%, 6%, 4%, 3% and 1% Performance:At the end of H1 2025, 10 out of the 24 IPOs had shown positive return compared to their offer price. Asyad Shipping Company which was listed on the 12th of March 2025, achieved the highest gain at 835% by the end of H1 2025. Saudi Arabia's Umm Al Qura for Development and Construction Company followed recording a gain of 51% during H1 the largest IPO on Tadawul and the region during H1 2025 witnessed a 3.4% drop in the first day performance but ended the period recording a 0.2% drop compared to its offer the other hand, many companies in the Materials sector witnessed negative returns compared to their offer price. Hedab Alkhaleej Trading Co. witness a decrease of 30% in its share price during H1 2025, Dkhoun National Trading Company decreased by 27% and Service Equipment Co. decreased by 26%.GCC Markets PerformanceThe GCC equity market indices have experienced mixed performance in the first six months of 2025. Boursa Kuwait outperformed its GCC peers with a 18.1% increase year to date followed by Dubai Financial Market with a 10.6% increase. The Abu Dhabi Exchange (ADX) and Qatar Stock Exchange followed increasing 5.7% and 1.7% respectively. On the other hand, the Muscat Securities Market witnessed a decrease of 1.7%, Bahrain Bourse by 2.1% and Saudi Tadawul by 7.6%.GCC IPO Pipeline: Saudi Arabia is expecting to continue its dominance in the IPO market with strong activity across multiple sectors by PIF-led listing while the UAE expects to witness activity in the industrials and technology sectors. Moreover, Kuwait's Capital Markets Authority has officially launched a new regulatory framework to support the listing and trading of emerging companies on Boursa Kuwait in hopes to encourage public listings and enhance the Kuwaiti market
