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Dubai News Club > Business > Dubai faces up to rivals as it plans stock exchange revival with IPO offerings
Business

Dubai faces up to rivals as it plans stock exchange revival with IPO offerings

Press Room
Last updated: 2022/06/20
Press Room
Published: June 20, 2022
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Dubai faces up to rivals as it plans stock exchange revival with IPO offerings
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Competition is heating up in the capital markets of the United Arab Emirates, as Dubai seeks to revive its ailing stock exchange with a flurry of initial public offerings.

The government of the UAE’s commercial hub plans to privatise 10 state-backed companies, listing some of their shares on Dubai’s domestic bourse in a bid to rival the success of neighbouring emirate Abu Dhabi and regional powerhouse Saudi Arabia. Officials also hope to root more regulatory oversight within Dubai,…

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