Page 61 - ALEF EDUCATION PR REPORT - JULY 2025

7/25/25, 10:15 AM UAE Equity Market Set To Welcome Up To Five Ipos
Secondly, a shift is apparent from state privatisations to private‐sector flotations. Family‐owned businesses and tech‐focused enterprises are now stepping
into the spotlight-supported by increasing liquidity and appetite from international institutional investors.
See also Oman Embarks on Gulf-First Income Tax for Top Earners
Thirdly, follow‐on share sales are gaining traction, offering listed firms a refundable route for fresh capital without navigating a full IPO process. Analysts
expect more such offerings in sectors including financial services, healthcare and logistics, reflecting healthier balance sheets and growth trajectories
among UAE firms.

Beyond sheer numbers, quality is a key consideration. Saadi indicates that approval pace and pre‐marketing success are decisive factors. In prior cases,
such as Spinneys and Alef Education, strong institutional subscription signalled robust investor interest-suggesting forthcoming listings may mirror this level
of demand.

Banking and asset‐management houses in the region-among them Citi, EFG Hermes and Emirates NBD Capital-are reportedly managing a cohort of
potential issuers. EFG Hermes projected a busy second half of 2025 across Saudi Arabia and the UAE, with several consumer‐focused businesses
preparing to list.

This momentum positions the UAE to lead IPO activity across the Middle East. In 2024, Gulf IPO volumes reached multi‐billion‐dollar levels; UAE
exchanges, buoyed by sizeable debuts like Talabat's Dh1.6bn listing in November 2024, claimed top status in IPO fundraising for three consecutive years.

Looking ahead, investor appetite appears steady, albeit cognisant of broader economic headwinds, including global interest‐rate trajectories and
geopolitical uncertainties. Saadi stressed the significance of sentiment over macroeconomic factors when gauging regional appetite, citing Middle Eastern
equity capital market resilience.

Key players set to define the coming wave include family‐owned conglomerates deliberating partial listings, firms in consumer and tech verticals exploring
exit paths, and existing public companies seeking growth capital via follow‐on offerings. Leading financial houses continue to harmonise local issuers with
global investor pools.

See also Gulf Escalation: UAE Conducts Evacuations from Iran
Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this
article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com . We are committed to promptly addressing any concerns and ensuring the highest
level of journalistic integrity.

https://menafn.com/1109840888/UAE-Equity-Market-Set-To-Welcome-Up-To-Five-Ipos 2/2