As the Middle East conflict shakes markets, global companies are delaying IPOs and cutting dividends.

The Middle East conflict is affecting global financial markets. It has also affected logistics and hampered the supply of raw materials that are essential to many industries.

In alphabetical order, here is a list of some of the companies that have reacted to the crisis by delaying their initial public offering or withdrawing dividend proposals.

DOMETIC GROUP

The Swedish outdoor technology firm has withdrawn its dividend proposal for SEK 1,00 ($0.11) per share and instead proposed no dividend?for 2025. The company said that geopolitical events had heightened economic uncertainty, and there were signs of a weaker demand and trading environment than expected.

LOVEHOLIDAYS

Loveholidays, an online travel agent, is preparing to postpone a London IPO of up to $1.33 billion due to the current conflict affecting market sentiment.

MCCOY GLOBAL

The Canadian company that automates well construction said it will suspend its quarterly dividend in order to maintain financial flexibility due to the Middle East conflict, which has caused uncertainty and is affecting delivery schedules and logistics.

PHONEPE

Walmart-backed Indian Fintech said that it had paused plans for an IPO because?geopolitical conflicts caused volatility on global capital markets. It stated that it would resume the process as soon as the market stabilized.

XED EXECUTIVE DELIVERING

The executive education platform - the first IPO from India's low tax GIFT City - announced that it had withdrawn the IPO due to a weak market and delays in completing the mandatory video-based verification of non-resident Indians as well as foreign investors who are linked to this conflict.

(source: Reuters)