Flurry of Middle East IPOs Are on the Way

The transcript discusses the contention surrounding an IPO's Sharia compliance and compares it to Alibaba's IPO performance. It highlights Saudi Arabia's strategy of selling shares below market rates to distribute wealth, focusing on the National Commercial Bank's IPO. The discussion then shifts to upcoming IPOs in the Middle East, including Al Habtoor, Dubai Parks and Resorts, and Adam R in Israel, noting their potential financial impacts.

What strategy do Saudi authorities use when privatizing companies to distribute wealth?

• Selling shares at a premium

• Selling shares at below market rate

• Offering shares only to foreign investors

• Restricting shares to government officials

Who were allowed to subscribe to the NCB IPO before trading began?

• Only institutional investors

• All investors

• Only foreign investors

• Retail investors and the Saudi pension fund

How does the NCB IPO process differ from typical practices in the US and Europe?

• It offers shares at a higher price

• It restricts early subscription to retail investors

• It is open to all investors from the start

• It allows only institutional investors to subscribe early

Which company is planning to raise $2.5 billion by selling 30% of its shares?

• Dubai Parks and Resorts

• Adam R.

• Al Habtoor

• National Commercial Bank

What is the fundraising goal for Dubai Parks and Resorts?

• $2 billion

• $1 billion

• $700 million

• $500 million