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Article: Appetite for IPOs in Arab Gulf markets expected to grow with firm oil prices.
- Article from:
- The Daily Star (Beirut, Lebanon)
- Article date:
- September 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Daily Star Staff
Summary: The market for initial public offerings (IPO) in the Gulf looks set to reopen as stock markets and the oil price recover, and bankers expect a few companies to test the waters when Ramadan ends.AaInvestors look increasingly willing to support companies thirsting for cash after a protracted drought hit the market in the region - though multi-billion dollar share sales are unlikely.
Daisy KuAa
ReutersAa
Aa
LONDON: The market for initial public offerings (IPO) in the Gulf looks set to reopen as stock markets and the oil price recover, and bankers expect a few companies to test the waters when ...