In all, Dubai will be seeding the stock markets with 10 IPOs of government-owned entities over the next 10-12 months. The stated aim? Create a market cap of Dh3 trillion for DFM. Tecom, Empower, Dubai Duty-Free, (the hotel operator) Jumeirah Group and – potentially – Emirates are expected to list on DFM one after the other for Investment entity in UAE.
Bal Krishen Rathore of Century Financial
These stock offerings will thus hit the markets at regular intervals, with the DEWA IPO – now open for subscription until April 2 – setting the stage. Even private sector businesses are likely to fast-track their plans to turn public.
“(The fund manager) Shuaa Capital has been in talks with DFM about listing Stanford Marine Group and NCM Investment,” said Rathore. “DAFZA (Dubai Airport Free Zone Authority) is also encouraging companies operating in the free zone to offer their shares to the public
Investment company Dubai
due to the market price of samsung glaxy s20 ultra smart phone. in Stock market watchers are waiting for details about the next big IPO from Dubai. Salik and Tecom are the names figuring prominently, and some say another listing could happen immediately after Eid in May. Some feel Dubai will stretch it out so that the markets and investors get more time to absorb the offers.
Abu Dhabi has done it, after a series of back-to-back IPOs last year, the pace has moderated – and such a cool-off is needed. “Trading activity on ADX witnessed a decline from the record monthly trading activity seen during Q4-2021,” said Junaid Ansari, Senior Vice-President of Investment Strategy and Research at Kamco Invest. “The elevated levels of trading activity last year were mainly backed by the new listings.”And each of those listings hit their targets – be it ADNOC Drilling or
Investment services in UAE
Fertiglobe, Alpha Dhabi and Yahsat.
Abu Dhabi’s IPO rush
Fertiglobe – Dh3.04b was the IPO size
AD Ports Group – Dh4b
ADNOC Drilling – Dh4.05b
Al Yah Satellite Communication (Yahsat) – Dh2.98b
Watch this space – more are on the way.
The authorities are encouraging family-owned businesses to list, while its main sovereign wealth fund has monetized assets through share sales.
– Junaid Ansari of Kamco Invest
“The share performance of recently listed utility names varies depending on company-specific factors,” said Ansari.
Now, DEWA – from April 12/13 – has the chance to aim for some highs of its own.
The UAE’s investment into the United States and its exports from the United States to the Gulf contribute to US economic wellbeing. This year, UAE direct investment into the U.S. reached $27.5 billion. There are 6 billion reasons for this phenomenon.
Data from the International Financial Report finds that high and medium technology investments account for 64 percent of the FDI capital in recent months, an increase of 2 percent on last year. Among countries with the highest FDI flows, the UK, France, and the US round out the top three, while Saudi Arabia and India round out the top five.
Company Locations O Us Companies Are In Uae?
From Bechtel to ExxonMobil and Cold Stone Creamery to Starbucks, many US companies have operations in UAE.