Thursday 17 September 2015

UAE companies ready to list when stock markets stabilise | The National

UAE companies ready to list when stock markets stabilise | The National:

"About 10 UAE companies are preparing to list on stock exchanges in spite of recent market volatility, according to a top Securities and Commodities Authority (SCA) official.

Obaid Al Zaabi, the deputy chief executive at SCA, said that recent volatility had led several companies to delay their plans, but that most were expected to continue to pursue listings when markets stabilised.

“The current situation of fluctuating markets may delay or prevent some of them from completing the relevant procedures,” Mr Al Zaabi told The National on the sidelines of the ongoing Arab IPO summit in Dubai."



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