The Gulf Cooperation Council (GCC) initial public offering (IPO) market continues to remain sluggish with only two listings in the region in the third quarter of 2011 as compared to the three in the second quarter, says PricewaterhouseCoopers (PwC), a leading international professional services organisation. Both the IPOs in the third quarter 2011 were in Saudi Arabia raising a total of $219 million, with Hail Cement Company raising $131 million and United Wire Factories Company raising $88 million.
� Muscat Press and Publishing House SAOC 2011 Source: http://www.albawaba.com/ipo-market-gcc-remain-sluggish-pwc-401838
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