Page 207 - AAE PR REPORT - June 2024

SOEs, fintechs, family firms spur Mena IPO

boom

The regional IPO growth is expected to be sustained in three phases

by

Issac John

DIFC, which is home to more than 230 investment banks, all of which are stimulating capital markets, is
driving this growth as an attractive jurisdiction for incorporation.

Published: Mon 27 May 2024, 7:41 PM
Last updated: Mon 27 May 2024, 7:42 PM

The Middle East capital markets are becoming more mature as they undergo an IPO
boom driven by state-owned enterprises (SOEs), family businesses, fintech and tech-

enabled firms, Dubai International Financial Centre said.

The regional IPO growth is expected to be sustained in three phases. First, the
continued privatisation of state-related entities, followed by listings by family-owned

companies, and lastly, FinTech and tech-enabled start-ups, according to DIFC’s
Regional Outlook for Banking and Capital Markets’ report published in partnership with
LSEG Data & Analytics.

https://www.khaleejtimes.com/business/markets/soes-fintechs-family-firms-spur-mena-ipo-
boom