Growing investor confidence is being credited for February’s rise in the number of initial public offerings (IPOs) throughout the Middle East and North Africa, relative to both the previous month and the same period in 2009. According to analysts, the rising tide in regional markets in early 2010 is gradually reviving market confidence. Market experts say they expect the markets to move from “recovery to stability” and are encouraging companies which have already shown solid financial performance to try their luck in the capital markets. “Overall, I see that the market is in relatively good shape, everything is fairly under control, such as inflation rates, and the financial results of publicly listed companies have been better than expected. I am optimistic about the market,” said Adnan Abu Ghazaleh, a senior financial analyst at Zawya. Experts also say that private equity sponsors will be committed to forging ahead with a steady
