Page 117 - ALEF EDUCATION PR REPORT NOVEMBER 2024

UAE: Abu Dhabi Securities Exchange expects new

listing before year end

Lulu Retail is the ninth offering of its kind to investors on the Abu Dhabi Securities Exchange, and
the 24th listing in 2024

Published: Fri 15 Nov 2024, 6:16 PM

Updated: Fri 15 Nov 2024, 11:42 PM

Photos: WAM file

Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, expects the market to
witness a new listing before the end of this year 2024, with the momentum of new initial public
offerings and subscriptions continuing during the coming year, reflecting strong confidence in the
capital's financial market.

Al Nuaimi said that the market has witnessed four new initial public offerings since the beginning of
this year, including Alef Education, NMDC Energy, ADNH Catering, in addition to Lulu, which
represents the 100th listing on the Abu Dhabi Securities Exchange.
He added that Lulu Retail is the ninth offering of its kind to investors on the Abu Dhabi Securities
Exchange, and the 24th listing in 2024, reflecting the strong confidence in the market as the
preferred platform for companies seeking growth opportunities inside and outside the UAE, in
addition to the market’s commitment to meeting the evolving needs of investors by providing
diverse investment opportunities.

https://www.khaleejtimes.com/business/markets/uae-abu-dhabi-securities-exchange-expects-
new-listing-before-year-end