Family-owned businesses and other private-sector companies are turning to capital markets to generate funding as they start to outgrow their Gulf backyards and seek expansion overseas.
The move is expected to lead to more public sales of bonds and sukuk and to initial public offerings in the region from companies that would not traditionally seek out investment on capital markets, said Rezwan Mirza, a managing director and regional head of Barclays Corporate.
"Companies that were more regionally-focused 10 years ago are now breaking out," he said.
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