Page 53 - ALEF EDUCATION PR REPORT DECEMBER 2024

12/19/24, 1:57 PM ADX ripe for international investment, say asset managers | AGBI
Significant poten al for
growth

The Abu Dhabi Securi es
Exchange remains a sleeping

giant for interna onal investors
despite the huge sums raised

from recent ADX lis ngs,
speakers said this week at the

emirate’s annual financial

showcase.

There have been 23
notable ini al public offerings of

UAE companies since the start of

2021 – 14 on the ADX and nine
on the Dubai Financial Market.

Although 2024 has been quieter
than some previous years, Alef

Educa on raised AED1.89
billion ($514 million) in July,

supermarket giant Lulu raised

$1.7 billion in November and
NMDC Energy raised $877

million from its lis ng in
September.

“Fundamentals are very
a rac ve, but the world hasn’t

paid full a en on to it yet,” said
Rajiv Jain, chairman of GQG

Partners.

Jain told Abu Dhabi Finance

Week that the Florida-based
investment management

company, which manages over

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