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3/14/24, 12:19 PM Dubai IPOs raised $9.4bn in the past three years amid continued economic boom

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Dubai IPOs raised $9.4bn in the past three

years amid continued economic boom

The aggregate investor demand for public floats during the period crossed $272bn

Salik is among state-owned companies that have listed shares on the Dubai Financial Market. Chris Whiteoak / The
National

Sarmad Khan
Mar 13, 2024

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Companies in Dubai raised Dh34.5 billion ($9.4 billion) through selling shares on the Dubai
bourse in the past three years, amid strong investor interest.

Aggregate investor demand for those listings reached more than Dh1 trillion, according to the
Dubai Securities and Exchange Higher Committee.

The continued initial public offering activity in that period has helped the Dubai Financial
Market maintain a robust growth momentum, pushing its general index to become the fifth-

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