Saudi REITs drive IPO proceeds for GCC region in 2Q 2018

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Amid cautious investor sentiments across the Gulf Cooperation Council (GCC), the listing of three Saudi Arabian REITs have notched up proceeds from initial public offerings (IPOs) in 2Q 2018.

According to statistics compiled by accounting firm PwC, there were a total of nine IPOs in the region for the first six months of the year, including eight REIT listings.

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