Home UAE Abu Dhabi Abu Dhabi expects IPO boom to continue, with 11 deals next year Listings in the Middle East have seen strong investor interest by Bloomberg November 15, 2022 Abu Dhabi will likely host three more IPOs this year and at least 11 in 2023, an official said, continuing a trend that’s made the Middle East a bright spot in an otherwise dour market for new share sales. “Next year, it’s going to be an amazing pipeline,” Abu Dhabi Department of Economic Development chairman Mohamed Ali Al Shorafa told Bloomberg TV in an interview. “Over 11 companies (are) being either advised or in final stages for application approval for the listing on Abu Dhabi stock market.” A Dhs5bn ($1.36bn) fund launched a few months ago to boost public listings has helped, Al Shorafa said. The fund has seen an influx of private-sector and family-owned companies that have sought government support as they prepare to list, he said. Burjeel Holdings, which raised $300m last month, listed through the fund, which is also eyeing companies in industry, manufacturing, healthcare and financial services, Al Shorafa said. Listings in the Middle East – primarily Riyadh, Abu Dhabi and Dubai – have seen strong investor interest, fetching $18bn this year, representing almost half of the IPO money raised in Europe, the Middle East and Africa, data compiled by Bloomberg show. Tags Abu Dhabi fund Healthcare IPOs Listings 0 Comments You might also like Wizz Air launches first long-haul service from Abu Dhabi to Milan Aldar unveils new luxe villa community on Yas island Saudi’s flynas launches flights to Abu Dhabi, Sharjah Abu Dhabi, Dubai launch unified parking permit system