Page 54 - ALEF EDUCATION PR REPORT DECEMBER 2024
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12/19/24, 1:57 PM ADX ripe for international investment, say asset managers | AGBI
$150 billion in client assets, has
more invested in the UAE capital
than in China.
“It’s actually a significant bet,” he
said.
The UAE raised the most funds in
the GCC through IPOs last year,
securing over $6 billion. ADX was
the top Gulf bourse in terms of
IPO proceeds, making up nearly
$5 billion of last year’s regional
total.
Abu Dhabi IPO Fund said last
month that there would be three
further lis ngs before the end of
the year, in the financial sector,
technology and hospitality.
The exchange has been buoyed
by the lis ng of government-
backed en es, par cularly a
number from Adnoc – Adnoc
Logis cs and Services’ lis ng last
year raised $2.5 billion.
From the private
sector, Investcorp Capital floated
32.85 percent of its total issued
share capital in November last
year, raising around $451 million.
“The poten al for growth in the
public markets here in the UAE
and Saudi Arabia is significant,”
Rishi Kapoor, chief financial
officer of Investcorp, told AGBI at
Abu Dhabi Finance Week.
https://www.agbi.com/markets/2024/12/adx-ripe-international-investors-abu-dhabi-finance-week/ 3/5
