EFG Hermes, JPMorgan working on IPO of “world’s largest indoor theme park.” The two investment banks are reportedly preparing Ilyas & Mustafa Galadari Group (as IMG is formally known) to list in 2017, Bloomberg says. The story, which notes that “Share sales announced by companies in the Middle East and Africa [have] declined 44% this year from the same period in 2015,” notes that IMG would be the second regional theme-park operator to go public, following the 2014 listing of Dubai Parks & Resorts, whose shares are up 57% so far this year. Notes the business news service: IMG Worlds of Adventure, which cost about $1 billion to build, opened in Dubai this summer and is the world’s largest indoor theme park, stretching across 1.5 million square feet and featuring attractions based on Marvel’s Avengers and Cartoon Network’s Powerpuff Girls.”

In other regional equity capital market news, Souq.com is said to have retained Goldman Sachs to find buyers for a 30% stake that would value the online retailer at USD 1.2 bn. Souq sells in Egypt, the UAE, KSA, and Kuwait.