Saudi Arabia led the region's IPO and REIT activity during the second quarter of 2018, according to EY's MENA IPO report, noting that the MIFIC REIT on the Saudi Stock Exchange achieved the largest IPO in the quarter.

The MENA region saw 9 IPOs worth $881.5 million in the second quarter, including 7 deals in the Gulf countries, with Saudi Arabia accounting for 4 of them. The MENA region witnessed 9 IPOs worth $881.5 million in the second quarter, including 7 deals in the Gulf countries, of which Saudi Arabia accounted for 4 IPOs.

<The report indicated that the nine IPOs raised $881.5 million in capital, an increase of 42.8% compared to Q2 2017. The number of deals in this quarter also increased by 12.5% compared to the same period last year.

The number of deals in this quarter also increased by 12.5% compared to the same period last year. Of the nine deals recorded in the MENA region, seven IPOs were recorded in the GCC (three of which were in REITs) raising $780.3 million.

The report said that of the nine deals recorded in the MENA region, seven IPOs were recorded in the Gulf Cooperation Council (GCC) countries (three of which were in REITs) raising $780.3 million. Saudi Arabia led MENA IPO activity with four of the nine deals recorded in Q2 2018, in the context of the growing trend of REITs listing on the stock exchange, a clear indication of investor interest in real estate assets in the Kingdom.

The report showed that Saudi Arabia led MENA IPO activity with four of the nine deals recorded in the second quarter of 2018, in the context of the growing trend of REITs listing on the stock exchange. The largest deal from the MENA region in the second quarter was the IPO of Mevic REIT on the Saudi Stock Exchange, which raised $237.5 million in capital.

MENA's largest deal in the second quarter was the IPO of Mevic REIT on the Saudi Stock Exchange, which raised $237.5 million in capital.