July 26, 2022

NEOM’s IPO plans welcomed by global wealth funds

Source: Arabian Gulf Business Insight

Journalist: Shane McGinley

Rachel Ziemba, founder of New York-based geo-economic advisory firm Ziemba Insights, was more hesitant and said it was too soon to determine the impact a raft of new PIF-backed IPOs would have on the Tadawul stock exchange.

“At present, it remains unclear whether there is sufficient demand for these listings, especially given the relatively limited liquidity on the local market.

“Much depends on the terms. I’d be watching whether there are large anchor buyers (sovereign funds from Asia or other institutional investors) or whether it is primarily a local audience,” she said.

Read the full story and more from AGBI.


  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...