Page 55 - 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
                         Property Finder ‘likely’ to go
                         public, says CEO



                         State-backed UAE companies
                         lead the pack for share price

                         gains


                         UAE retailer Union Coop

                         explores going public



                      Bahrain-based Investcorp has
                      been behind the successful

                      lis ng of four companies on
                      Saudi Arabia’s Tadawul

                      exchange.


                      “Certainly over a medium-term

                      horizon from our por olio in the
                      region the likelihood of us

                      bringing more companies public
                      both in the UAE and Saudi Arabia

                      is high. No doubt. I have no

                      ambiguity in commi ng to that,”
                      said Kapoor.



                      The FTSE ADX General Index is
                      down 3.4 percent in 2024 and is

                      12.9 percent below its all- me
                      high set in November 2022.



                      Dubai’s index, by contrast, is up
                      17.7 percent this year and hit a

                      10-year high in November,
                      although it remains 42 percent

                      below its 2005 peak.


                      Saudi Arabia’s benchmark is up

                      1.6 percent in 2024, Qatar is
                      near-flat and Kuwait’s main




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