IIR launches Saudi IPO Summit ’06

DUBAI — Dubai-based Institute for International Research (IIR) has announced the launch of Saudi IPO Summit 2006, which is due to take place on 19-22 November at the Al Faisaliah Hotel in Riyadh. The conference is intended to stabilise the market and help restore investor confidence after a volatile performance in the first half of this year.

By A Staff Reporter

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Published: Sun 16 Jul 2006, 11:06 AM

Last updated: Sat 4 Apr 2015, 3:11 PM

More than 30 initial public offerings are already expected to be introduced within the next 12 months. Indeed, Emaar Economic City recently announced that it will float 30 per cent of its $2.27 billion share capital to facilitate financing of the new $27 billion King Abdullah Economic City, one of the largest development projects in the region.

Deep Marwaha, Conference Manager for Saudi IPO Summit said, "It was against this backdrop, that the idea for Saudi IPO Summit 2006 was conceived. Over 90 per cent of private companies in Saudi Arabia are family-owned and represent great potential for future listings"

The summit will feature leading figures in the financial and investment industry and will examine the role IPOs can play in broadening the total number of stocks available and improving investor confidence.

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