More IPOs needed to boost interest in UAE markets - EFG Hermes exec | ZAWYA MENA Edition:
Stock markets in the United Arab Emirates need to attract more companies in a braoder range of sectors if they are to remain attractive to investors, the CEO of EFG Hermes's Investment Banking division has said.
Speaking to Zawya on the sidelines of the bank’s annual One on One conference in Dubai on Sunday, Mohamed Ebeid said: “In the UAE, we need more paper (shares). What's out there is not enough, by all means.
“It's very concentrated around financials, so you'll find this very difficult to attract more money getting in,” Ebeid said. “So you need more sectors.”
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