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MENA bond issuances surge $95.9bn in 2023, reports KAMCO Invest 

RIYADH: Aggregate bond issuances in the Middle East and North Africa region reached $95.9 billion in 2023, marking an 18.98 percent increase compared to 2022. 

According to a report released by KAMCO Invest, this growth was propelled by higher issuances from corporates in the region, compensating for the decline in issuances by MENA sovereigns. 

The UAE emerged as the largest bond issuer in the MENA region in 2023, with issuances totaling $39.1 billion, followed by Saudi Arabia and Morocco at $19.1 billion and $18.3 billion, respectively. 

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