Page 255 - AAE PR REPORT - June 2024
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5/10/24, 10:00 AM Spinneys Shares Climb 11% In Dubai Trading Debut After Raising Over $375M In IPO
Big number
The Middle East and North Africa (MENA) witnessed the floating of four IPOs in the main
markets in the first quarter of this year, with $1.7 billion in combined proceeds.
What to look for
Emirates-based hypermarket and mall operator Lulu Group expects its IPO to be on ADX in
the second half of 2024, its chairman said earlier this month, according to Bloomberg.
https://www.forbesmiddleeast.com/money/markets/spinneys-shares-climb-11-in-dubai-trading-debut-after-raising-%24375m-in-ipo 3/3
