Page 10 - LOGIC CONSULTING PR REPORT SEPTEMBER 2024

10/8/24, 3:19 PM LOGIC Consulting: IPO scene in UAE has matured strongly over the years

Emaar Properties was the first ever Emirati company to go public

A boost to capital markets

The success of the UAE’s IPO market has provided a major boost to the overall capital

market, said LOGIC Consulting, helping the UAE cement its status as an economic

powerhouse among its MENA peers. Total market capitalization currently stands at about

$773.2 billion, according to the report.

In 2023, IPO’s in the UAE were able to raise a total of $536 billion across a variety of

different sectors. Emirati enterprises welcomed around 63,000 new investors in just 2023,

47% of whom were foreign. Another 19,000 institutional investors were registered with the

Abu Dhabi Securities Exchange (ADX), with 43% being foreign.

“The UAE has been making significant strides in diversifying its economy beyond oil

dependence, driven by a commitment to sustainable growth,” said Rabie.

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