GCC capital markets show signs of recovery
DUBAI, January 27, 2021
Despite the headwinds brought on by the pandemic, GCC equity capital markets were able to sustain a reasonable level of activity with strong government support and significant stimulus measures globally.
With the ‘new normal’, GCC IPOs have resumed albeit with limited activity. In contrast, the debt market has been highly active and we expect the debt market activity to continue in the near future, PwC said in a report.
During 2020, initiatives were taken in the Kingdom of Saudi Arabia and UAE to facilitate equity capital market activities on their respective stock exchanges: