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8/15/24, 2:39 PM UAE IPOs Raise $890 Million in Q2 2024, Led by Alef Education and Spinneys
UAE IPOs Raise $890 Million in Q2
2024, Led by Alef Education and
Spinneys
By Ummulkiram Pardawala August 14, 2024 1 min read
Initial public offerings (IPOs) in the UAE raised $890 million in the second quarter of 2024,
according to PwC Middle East’s latest IPO+ Watch report.
The most significant IPOs in the UAE during this period were Alef Education, which raised
$515 million on the Abu Dhabi Securities Exchange (ADX), and Spinneys, which
secured $375 million on the Dubai Financial Market (DFM).
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