Page 137 - ALEF EDUCATION PR REPORT MARCH 2025

3/25/25, 8:42 AM UAE set for up to eight IPOs this year, raising about $10bn, Emirates NBD Capital CEO says | The National

Sign in
Register

Listing momentum is expected to continue this year on the ADX and Dubai Financial Market. Antonie Robertson /
The National

Business Markets

UAE set for up to eight IPOs this year, raising about $10bn, Emirates NBD Capital CEO says
‘Quite a few factors’ support company listings in the UAE, Hitesh Asarpota says

Fareed Rahman
March 11, 2025

Stock markets in the UAE are expected to receive between six to eight initial public offering
(IPO) this year, with companies raising up to $10 billion in proceeds amid strong investor appet
for new listings in the Emirates, the chief executive of Emirates NBD Capital has said.

The continued economic momentum in the country along with strong liquidity will drive capital
market activity, Hitesh Asarpota told The National.

“There is a mix of companies that will be listed this year," he said. "They've already been slotte
into the various quarters and so on ... what some of these companies do is add on to the pipeli
that we see."

There has been a listings boom in the UAE in the past few years as the Arab world’s second-
largest economy continues to grow amid diversification efforts. On Tuesday, technology compa
Alpha Data listed its shares on the Abu Dhabi Securities Exchange after raising Dh600 million
($163 million) from its IPO.

As part of the transaction, the company sold 400 million shares to retail and professional
investors. Emirates NBD Capital acted as the joint global co-ordinator and joint bookrunner for
the IPO.

https://www.thenationalnews.com/business/markets/2025/03/11/uae-set-for-up-to-eight-ipos-this-year-raising-about-10bn-emirates-nbd-capital-ceo-says/ 1/5