Page 220 - AAE PR REPORT - June 2024

5/29/24, 3:53 PM Dubai IPO boom expected with privatisation, family business listings and tech start-ups; 110,000 HNWIs grow investment pool - Ar…
Through increased IPO activity, banks, investment banks, brokerage firms and law firms
within DIFC’s ecosystem also benefitted significantly from the privatisation of state

enterprises, with fees for MENA deals alone exceeding $1.2bn and proceeds from

MENA equity and equity-related deals exceeding $13bn in 2023.

The report also highlights how the region’s capital markets are becoming more mature,
driven in Dubai by DIFC’s robust regulatory framework and commitment to innovation.

DIFC is also home to more than 230 investment banks, all of which are stimulating

capital markets.

Deepening of Dubai’s capital markets and market reforms, aligned with best practice

have helped create greater opportunities for investors in different themes of the

economy.

As outlined in the report by John Wilkinson, Head of Emerging Markets Equity Capital
Markets and Managing Director, Goldman Sachs, DIFC is driving this growth as an

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