Several Middle East firms have postponed their IPO plans to 2024: BofA

Several Middle East firms have postponed their IPO plans to 2024: BofA

A general view of the Abu Dhabi skyline is seen, in this file photo taken on December 15, 2009. REUTERS/Ahmed Jadallah

Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global recession.