Dubai to host inaugural Mena IPO summit amid continuing listings momentum

Dubai is to host the inaugural Mena IPO Summit on Monday that will bring regional and international industry experts and issuers together, as initial public offerings pick up pace in UAE.

The three-day summit and workshops will be held from January 23 to 25 at the Museum of the Future in Dubai, the Dubai Media Office said on Sunday.

The event, jointly organised by the Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC), will underpin the IPO growth in the emirate so far and prospects of Dubai driving further growth in public listings in the six-member economic bloc of GCC and the winder Mena region.

“Last year, Dubai accounted for 40 per cent of IPO activity in the Gulf region,” Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance, and Deputy Ruler of Dubai, said.

“Driven by the ambitious goals of the Dubai Economic Agenda (D33), Dubai will continue to accelerate its economic growth momentum and consolidate its position as a major international financial centre,” Sheikh Maktoum, who is also chairman of the Higher Committee for the Development of Financial Markets and Exchanges in Dubai, said.

The UAE and the wider region has seen a flurry of IPOs, amid strong investor demand as economies rebound at a quicker pace from the coronavirus-induced slowdown and liquidity has been shored up by high oil prices.

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