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IPO in the countries of the Gulf Cooperation Council

Author

Listed:
  • Zein Aidrous Irina Ahmed

    (The Institute of International Economics and Business, People’s Friendship University of Russia, Russian Federation)

  • Grigorievna Sofya Glavina

    (The Institute of International Economics and Business, People’s Friendship University of Russia, Russian Federation)

Abstract

The Arab States of the Gulf Cooperation Council (GCC) host one of the fastest developing, yet one of the most closed groups of securities markets in the EMEA region. This study provides an analysis of the regional securities market and compares it with global securities’ market trends for the period 2000 to 2014. The study refers to regional IPO activity as a reflection of the level of maturity of the local economy. An IPO Market Ratio is introduced in this study as an instrument for measuring the national economy so as to be able to further compare it to other economies. The study provides descriptions of the financial markets of all GCC economies, outlines their developmental history, and develops a ranking of GCC countries based upon weighted normalized IPO Market Ratio data. The collected information and the results of the analysis are presented both in table and graphical formats.

Suggested Citation

  • Zein Aidrous Irina Ahmed & Grigorievna Sofya Glavina, 2016. "IPO in the countries of the Gulf Cooperation Council," Miscellanea Geographica. Regional Studies on Development, Sciendo, vol. 20(3), pages 32-36, September.
    • Handle: RePEc:vrs:mgrsod:v:20:y:2016:i:3:p:32-36:n:4
    DOI: 10.1515/mgrsd-2016-0017
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    References listed on IDEAS

    as
    1. Ahmed S Alanazi & Benjamin Liu, 2013. "IPO financial and operating performance: Evidence from the six countries of the GCC," Discussion Papers in Finance finance:201304, Griffith University, Department of Accounting, Finance and Economics.
    2. Lokman Gunduz & Mohammed Omran, 2001. "Stochastic Trends and Stock Prices in Emerging Markets: The Case of Middle East and North Africa Region," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 5(17), pages 1-22.
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