IPOX® MENA Index
The IPOX® MENA Index provides exposure to the largest, best performing and most liquid newly listed companies in the Middle East and North Africa (MENA) region, primarily from Saudi Arabia and the United Arab Emirates. The index applies the IPOX® Indexes Technology to capture the performance of these new listings, including IPOs, spin-offs, and IPO M&As, ranked quarterly by market cap in the IPOX® EMEA Composite Index.. The Index is reconstituted and readjusted quarterly to maintain its focus on the most promising new listings in the region
The Best of MENA's New Listings
The IPOX® MENA Index comprises a diverse array of companies from various sectors, with a strong focus on the energy, technology, and consumer markets. Among the largest firms in the index are several notable names from Saudi Arabia and the United Arab Emirates, which are driving growth and innovation in the region.
The IPOX® MENA Index has demonstrated strong outperformance compared to regional benchmarks, as evidenced by its relative return. The index has consistently outpaced the Dow Jones MENA Index, the S&P Mena & Sukuk Index, and the FTSE Mena BBI GCC Issuers Index over the past several years. This outperformance highlights the index's ability to capture the growth potential of newly listed companies in the dynamic and rapidly evolving MENA region.
The MENA Region in Focus
Saudi Arabia: A Powerhouse of Energy and Growth
Saudi Arabia, the largest economy in the Middle East, is well-represented in the IPOX® MENA Index. The country's thriving energy sector is exemplified by companies like ADES Holding and Arabian Drilling, while its commitment to technological advancement is reflected in the inclusion of Al Moammar Information Systems and Elm Company, a leading provider of secure digital services and solutions. The presence of companies like Almunajem Foods and Al-Dawaa Medical Services further highlights the growth potential and ongoing diversification of the country’s economy
United Arab Emirates: A Hub of Innovation and Diversification
The United Arab Emirates, particularly Dubai and Abu Dhabi, is home to some of the most valuable companies in the IPOX® MENA Index. The country's energy sector is dominated by ADNOC Drilling and ADNOC Gas, both subsidiaries of the Abu Dhabi National Oil Company. These companies play a crucial role in supporting the UAE's oil and gas industry and are driving the country's efforts to diversify its energy mix. The inclusion of Emaar Development, a subsidiary of Emaar Properties, the developer behind the iconic Burj Khalifa, highlights the UAE's strength in real estate and its commitment to ambitious, innovative projects that shape the region's skylines.
The Extended MENA Region: Emerging Opportunities
While the IPOX® MENA Index currently focuses primarily on companies from Saudi Arabia and the United Arab Emirates, at IPOX, we actively track the broader MENA region, including countries like Oman, Qatar, and North Africa, to identify promising new listings that could be eligible for inclusion in the index in the future. These markets, though smaller in size, are experiencing their own unique growth trajectories and are home to innovative companies across various sectors.
For investors seeking exposure to the MENA region's most innovative and best-performing new public companies, the IPOX® MENA Index offers a unique, all-in-one solution. Through its rules-based methodology and quarterly rebalancing, the index systematically captures the performance of these dynamic growth companies from Saudi Arabia, the United Arab Emirates, and the extended MENA region
Contact info@ipox.com for licensing and sub-advisory opportunities, and to learn more about how the IPOX® MENA Index