The Middle East and North Africa is a region where economic diversification has become the order of the day. Not content to rely so extensively on petroleum production any longer, many nations all across the region are encouraging private businesses to expand and become more ambitious.
Al Masah Capital Management has played an important role in this process in recent years by launching the initial public offerings of a number of such companies. The selection of businesses that have benefited from this support paint a picture of a region that is evolving rapidly.
Bringing Businesses to Public Markets for the First Time
With an extensive record of enabling public offerings already behind it, Al Masah has in recent years picked up the pace of this type of activity. Some of the firm’s most notable projects of recent times have included the initial public offerings for:
- AVIVO Group. As one of the Gulf Cooperation Council area’s top healthcare companies, privately held AVIVO Group had built up an extensive network of hospitals and doctors. Providing care for well over a million patients each year before going public, the company had already become a cornerstone of the region’s health provision system. By managing the company’s initial public offering, Al Masah connected AVIVO Group with the capital it needs to tackle even more ambitious and significant goals.
- Al Najah Education. The education sector in the Middle East has recently been the scene of some of the most striking and impressive developments in the region. With a network of more than two dozen schools that stretches beyond the Middle East and North Africa all the way into Southeast Asia, Al Najah Education has become recognized as one of the fastest growing companies of its kind. An initial public offering led by Al Masah allowed the education specialist to acquire even more of the resources it needs to continue its successful expansion.
Capital is and Will Remain a Key to the Future of the Middle East
While the petroleum-rich recent history of the Middle East and North Africa has helped endow the region with an impressive amount of capital, ambitious businesses like these are finding ways of putting even more to good use. As that trend continues into the future, initial public offerings of similar kinds will be every bit as important.