London continues to attract Middle East initial public offerings | The National

London continues to attract Middle East initial public offerings | The National:



"A boom in Middle East listings on the London Stock Exchange is set to continue next year as companies follow the likes of Damac and Gulf Marine Services to lure more international investors, according to an LSE executive.



“Given London’s credentials in certain markets, we’ve seen an increase in the number of companies looking to raise capital in London,” said Ibukun Adebayo, the co-head of emerging markets at the LSE’s primary markets division.



“We’ve seen a lot of oil and gas companies as well as oilfield services companies, for example. We’ve got to a point where we have had to create more resources in the London Stock Exchange to look after our Middle East business. We’re growing our part of the business. We’re hiring more people.”"



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