Page 9 - LOGIC CONSULTING PR REPORT SEPTEMBER 2024

10/8/24, 3:19 PM LOGIC Consulting: IPO scene in UAE has matured strongly over the years
has played an instrumental role in providing the right infrastructure for all parties involved –

businesses, financial advisors, investors, and sovereign wealth funds.

The UAE government has also begun actively encouraging state-owned companies to go

for IPOs under a strategic initiative aimed at attracting foreign investments and boosting

efficiency. “Notable companies like Emirates Global Aluminum and Abu Dhabi Ports are

exploring public listings, signaling a shift towards a more market-driven economy,”

commented Seifallah Rabie, partner at LOGIC Consulting.

Report
“Last year, the Dubai government announced plans to list several state-owned enterprises

on the Dubai Financial Market (DFM). Simultaneously many private companies, including

family-owned businesses and SMEs, are increasingly considering IPOs as a viable option

The first Emirati company to go public in 2000 was Emaar Properties, a leading real estate

company that played a key role in putting Dubai’s now world-famous façade on the map.

Many more enterprises followed suit since then, and more recently, lifting the IPO scene to

record activity in 2022. While 2023 was a bit quieter in comparison, the current is set for a

rebound.

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