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5/29/24, 3:53 PM DIFC publishes Regional Outlook for Banking and Capital Markets – Bizpreneur Middle East
DIFC publishes Regional Outlook for Banking and

Capital Markets

LATEST NEWS, NEWS May 27, 2024 News

Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region,
has published a ‘Regional Outlook for Banking and Capital Markets’ report in partnership with LSEG
Data & Analytics.
The report focuses on how regional IPO growth is expected to come in three phases. Firstly, the
continued privatisation of state-related entities, followed by listings by family-owned companies, and
lastly, FinTech and tech-enabled start-ups.
Additionally, the report considers the profile of investors based in the region, especially Dubai, which
has attracted a rising number of wealthy individuals and families who are seeking to capitalise on
investment opportunities.
Commenting on the report’s findings, Arif Amiri, Chief Executive Officer, DIFC Authority, said: “Driven
by the surge in IPOs, capital markets across the MENA region have experienced remarkable
expansion, driven by reforms aimed at enhancing market infrastructure and fostering greater foreign
and regional investment inflows. With its strategic initiatives and robust regulatory framework, DIFC
plays a pivotal role in driving innovation and stimulating growth within the financial sector. Dubai’s
IPO boom underscores the city’s status as a thriving hub for capital markets, and DIFC’s role in
enabling this acceleration through the firms that drive capital markets and provide advisory services
for IPOs will continue to contribute to the dynamic evolution of global finance.”
Multifactor IPO Growth
Following two years of moderate IPO activity, 2024 shows signs of a rebound supported by the
postponement of several 2023 deals in anticipation of more favourable market conditions. Based on
data published by EY, 51 IPOs took place in 2022, raising USD 22bn, including a mix of both family
businesses and the public sector.
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