The Kuwaiti company (Kamco Invest) revealed a decrease in the value of initial public offerings in the Gulf Cooperation Council countries during the year 2020, registering 7 subscriptions worth $ 1.87 billion, compared to 9 subscriptions worth $ 27.1 billion in 2019.
Kuwaiti (KAMCO Invest) – in its economic report – attributed the significant decline in the value of initial public offerings of the Gulf Cooperation Council countries during the past year, to the repercussions of the emerging coronavirus (Covid 19) pandemic and the state of economic closure that accompanied it in the Gulf countries.
She explained that with regard to fixed income issuances to the Gulf markets, they amounted to 145 billion dollars in 2020, compared to the level of 143.6 billion dollars in 2019 As the issuance of Gulf government bonds during 2020 amounted to about $ 47.5 billion, compared to $ 48.8 billion in 2019, while government sukuk reached $ 29.9 billion in 2020, compared to $ 34.6 billion in 2019.
She noted that bond issuances for Gulf companies amounted to about $ 47.8 billion in 2020, compared to $ 45.3 billion in 2019, while sukuk issuances amounted to about $ 19.9 billion, compared to $ 14.9 billion in 2019.
The article, the $ 1.87 billion value of initial public offerings in the Gulf states during 2020, was written in Al-Borsa newspaper.