Page 199 - SALIK PR REPORT JANUARY 2024

1/4/24, 1:19 PM Dubai sets up new company to oversee parking
Last year, the fifth state-backed entity, Dubai Taxi Company, raised Dh1.2 billion from its IPO in
December after selling 624.75 million shares, equivalent to 24.99 per cent of the company's total
issued share capital.

The UAE markets have been recording strong listing activity amid increasing investor interest and
a public mandate aimed at supporting IPOs to boost liquidity in local bourses.

There were a total of 29 IPOs with total proceeds of $5.8 billion in the first nine months of the year
in the Mena region, with all the listing activity taking place in the GCC, consultancy EY said in its
third quarter report.

Updated: January 03, 2024, 4:13 PM

DUBAI MARKETS ECONOMY

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