Page 146 - ALEF EDUCATION PR REPORT FEBRUARY 2025

More dual listings expected as IPO trend

continues

By Gavin Gibbon
February 20, 2025, 4:10 PM

Christopher Pike/Reuters
Analysts hope to see more companies listing in both Dubai and Saudi Arabia in the future

• Eight IPOs in UAE in 2024
• Analysts expect equal this year
• Listings on Tadawul and ADX

Last year, eight companies launched initial public offerings (IPO) on the two main stock
exchanges in the UAE, attracting more than $7 billion in investment. The same number could
float this year and list in neighbouring Saudi Arabia, analysts say.

UAE-based technology company Alpha Data has already announced plans to list 40 percent
of its capital on the Abu Dhabi exchange.

Etihad Airways, which is owned by ADQ, Abu Dhabi’s sovereign wealth fund, and Amanat
Holdings are two other high-profile names tipped to offer shares in the first quarter. Later in
the year, Five Holdings, a real estate developer, and Dubizzle, an online classifieds platform,
may also sell shares.

https://www.agbi.com/markets/2025/02/more-dual-listings-expected-as-ipo-trend-continues/