Dubai's Shuaa Capital sees first UAE IPO early June | Reuters

Investment bank Shuaa Capital SHUA.DU is the lead manager on what could be the first initial public offering in the UAE this year, expected to raise over 1 billion dirhams ($272.3 million), its chief executive said.

Sameer al Ansari said the Dubai-based investment bank was working with an Abu Dhabi-based company for the share sale expected in early June, speaking to reporters on the sidelines of a conference in Dubai on Monday.

Ansari said the IPO would list in Abu Dhabi. However, he did not reveal the name of the company planning the share sale.