Saudi Fransi Capital expects ‘big’ increase in IPO activity

April 1, 2014 10:37 am

Saudi Fransi Capital, the top adviser for initial public offerings in the kingdom since 2012, has said the pace of share sales in the Gulf’s largest stock market is expected to accelerate as equity valuations improve, Bloomberg has reported. “The Saudi market is looking for new issuances and I think we’re going to have two big years for IPOs,” CEO Yasir Al-Rumayyan told the news service. “Our deal pipeline is really big,” he said, declining to give more details on specific deals.