Mideast Bankers Count on IPO Boom to Resume After Trade Turmoil

The Middle East, a bright spot for new share sales for four years, faces a significant challenge from the recent volatility in equity markets and a slump in oil prices. Even so, bankers are hopeful that dealflow will resume in coming weeks.

Unlike a raft of companies in Europe and the US, Middle Eastern firms planning to go public later this quarter haven’t yet postponed plans, according to bankers working on the deals. The region is relatively insulated from US tariffs and many of the businesses considering listing are heavily tied to fast expanding local economies, they said.

EFG Hermes ...