Deals
Three Dubai IPOs in Works as Bourse Promotes Local Listings
- Exchange aiming to turn around drop in liquidity, share sales
- Last initial offering in Dubai was Emaar Development in 2017
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Three companies are preparing initial public offerings on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month drought as it boosts efforts to entice local firms to list domestically rather than abroad.
“We are at different stages of discussions with potential issuers including three companies from the industry, oil and gas services as well as healthcare sectors,” exchange operator Dubai Financial Market PJSC said in an emailed response to questions. The timing of the deals is up to the companies, it said.