Page 232 - AAE PR REPORT - June 2024
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5/29/24, 3:54 PM Dailyhunt
DIFC publishes report on regional outlook for banking,
capital markets
Emirates News Age… . 1d ago
DUBAI, 27th May, 2024 (WAM) -- 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."
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 US$22
billion, including a mix of both family businesses and the public sector.
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