• 13 IPOs raised a total of $2.6bn in Q2 2024 across the GCC, compared to 13 IPOs in Q2 2023 that raised $1.8bn
• IPOs in Saudi Arabia accounted for over 61% of total GCC IPO proceeds in this quarter ($1.6bn)
• The largest IPO of the quarter was Dr. Soliman Abdel Kader Fakeeh Hospital Company raising $763m on Tadawul Main Market

Dubai, United Arab Emirates – 14 August 2024 – PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

• 92% of employees in the Middle East are more likely to stay with their employers if total rewards were enhanced, compared to 77% of respondents who were likely to stay if overall ESG practices were enhanced.
• Understanding employee sentiments and designing a personalised approach can foster a sense of inclusion, empowering them to actively contribute to achieving sustainability goals.

Dubai, United Arab Emirates – 05 August 2024 – The Middle East findings of PwC’s first global workforce ESG preferences study 2024 reveal a significant disconnect between companies’ focus on Environmental, Social, and Governance (ESG) initiatives and the actual priorities of employees in the region. The study shows that while businesses are prioritising sustainability, employees are more focused on personal benefits, such as fair pay and career advancement.