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 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 industrial and infrastructure sectors are exemplified by companies like East Pipes Integrated and Riyadh Cables. Major healthcare players include Dr Sulaiman Al Habib Medical Services Group and Jamjoom Pharma. The commitment to technological advancement is reflected in the inclusion of Elm Company, a leading provider of secure digital services, and Arabian Internet & Communications Services. Power and water utility ACWA Power 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 features ADNOC Drilling and ADNOC Gas, both subsidiaries of the Abu Dhabi National Oil Company. Petrochemical giant Borouge is another key player. Infrastructure and utility leaders include Dubai Electricity & Water Authority (DEWA) and road toll operator Salik. Recent listings like parking operator Parkin and healthcare group Pure Health Holding showcase the continued diversification and dynamism of the UAE market.
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