Middle East IPOs on Track for Best Ever First Half as Oil Surges

Listings in region have raised $11.4 billion already this year
International investors have piled into Gulf IPOs like Borouge

Employees monitor operations data at the Borouge 3 petrochemical plant in Al Ruwais, United Arab Emirates. — Employees monitor operations data at the Borouge 3 petrochemical plant in Al Ruwais, United Arab Emirates.
Photographer: Christophe Viseux/Bloomberg

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By Julia Fioretti

June 1, 2022 at 12:01 PM UTC

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Initial public offerings in the Middle East are on track for their best ever first half as high oil prices and foreign inflows shield the region from the volatility that has scuppered listings worldwide.