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UAE/Saudi Arabia: Bankers Who Chased Gulf IPO Deals Look Elsewhere Amid Slump
Source: Bloomberg
IPOs & SPACsEmerging MarketsInvestment Banking
Gulf equity-capital-markets activity has weakened sharply from its position as one of the world's hottest venues for new share sales three years ago. With regional deal flow dwindling, even local advisory firms are seeking mandates outside the Gulf, signaling pressure on investment-banking fees and IPO-market activity.
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