Page 100 - ALEF EDUCATION PR REPORT NOVEMBER 2024

State-backed UAE companies lead the pack for

share price gains

By Matt Smith
November 19, 2024, 2:21 PM

Getty Images via Unsplash
Among the UAE companies that have listed since 2021, the top nine performers are majority owned
by Dubai or Abu Dhabi

• 21 Emirati IPOs since 2021

• 13 in Abu Dhabi and 8 in Dubai

• Dewa’s $6.1bn float was largest

The stock market performance of UAE companies that have gone public in the past few years varies
greatly – but government-backed businesses have delivered the biggest gains.

There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on
the Abu Dhabi Securities Exchange and eight on the Dubai Financial Market.

https://www.agbi.com/analysis/markets/2024/11/government-backed-uae-companies-share-
price-ipos-dubai-abu-dhabi/