Page 201 - ALEF EDUCATION PR REPORT OCTOBER 2024

10/4/24, 9:28 AM ADNH Catering IPO: Abu Dhabi company plans to list 40% of its shares on ADX | The National

Saudi Arabia's Tadawul, the largest Arab bourse by market value, led in deal volume

during the second quarter, with companies in the kingdom raising an aggregate of $1.6

billion, or 61 per cent, of the total IPO activity recorded during the period, according to

PwC's quarterly IPO Watch report. Companies in the UAE also raised $890 million

through IPOs during the April-June period.

Companies in Dubai alone raised Dh34.5 billion by selling shares in the past three years

on the Dubai Financial Market, with the aggregate investor demand for those listings

exceeding more than Dh1 trillion, the Dubai Securities and Exchange Higher

Committee said in March.

The continued IPO activity in that period has helped the Dubai bourse maintain robust
growth that pushed its general index to become the fifth-best performer globally last year,

the committee said.

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