Up to 30 companies are mulling share sales in Dubai but many are waiting for an improvement in markets before launching, says the chairman of Borse Dubai.
Other companies would not launch an initial public offering (IPO) until they completed restructuring their businesses, said Essa Kazim, who is also the chief executive of the Dubai Financial Market (DFM).
"Twenty-five to 30 companies have shown some interest in going public," he said. "They're interested but they're waiting for the right moment provided the market conditions, especially the global market conditions, change."
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