Wednesday 11 September 2013

Why dearth of IPOs in the UAE? | GulfNews.com

Why dearth of IPOs in the UAE? | GulfNews.com:

"The IPO market peaked in the year 2008 raising $11.7 billion but has languished since then.
From 2009 until 2012, Saudi Arabia led the table in the Gulf on Initial Public Offerings with 32, raising $3.93 billion.
UAE came in second with three in 2011 and two in 2012, though in case of the latter, both — NMC Group and Al Noor Hospitals — were listed in London. In 2011, in the UAE, Eshraq Properties, National takaful Company (Watania) and Insurance House raised $229 million, $24 million and $19 million respectively.
Al Habtoor shelved its IPO plans in late December 2012 citing lack of opportunities to invest its proceeds and may consider in 2014 when economic situation improves."

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