![]() ![]() “We expect ADX and Tadawul to be very busy. Gulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters.Īfter a year that featured three major IPOs on both Abu Dhabi’s ADX and Saudi Arabia’s Tadawul markets, Dubai has announced plans to list as many as 10 state-owned companies. Qatar is spending billions of dollars on infrastructure and preparations for the first ever Middle East FIFA World Cup to be held between November 21 and December 18 next year. That compares with 20% for the MSCI World Index, which tracks developed world markets, and a 1.9% loss for the MSCI Emerging Market index.Īnd investors expect further gains in 2022, driven by the soccer World Cup and new listings. The region’s stocks are on track for their best annual performance since 2007, with a return of 36% including dividends, according to a Bloomberg report. ![]() The main catalysts are the 2022 FIFA World Cup in Qatar and the new listings. The Gulf equity market bandwagon is on track to cruise into 2022. ![]()
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