Page 35 - ALEF EDUCATION PR REPORT - AUGUST 2024

9/2/24, 9:35 AM Talabat IPO: Parent of UAE food delivery firm preparing for Dubai listing | The National
the committee said.

In November 2021, Dubai said it would list 10 state-owned companies and establish a Dh2

billion market maker fund to encourage listings from private companies in sectors such as

energy, logistics and retail.

The government aims to expand the size of the emirate's financial market to Dh3 trillion

and six state-owned enterprises have listed on the DFM since 2022.

Retailer Spinney's was the last to list shares on the DFM in April. Parking operator
Parkin's IPO in March was the first in the UAE capital markets this year, which raised

Dh1.57 billion from investors. Demand for the deal hit a record Dh259 billion.

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