Reforms, new rules to spur rebound in UAE IPO action issacjohn@khaleejtimes.com Filed on February 28, 2021
Equity markets in the Mena region experienced high volatility and average daily trading values increased significantly across the main exchanges.
(AFP)
Several new initiatives were launched in UAE with aim of bolstering activity in years ahead
After a fall of 40 per cent in initial public offering (IPO) issuances across the Middle East and North Africa region in 2020, the UAE is expected to witness a rebound in IPO activity in the coming years on the back of sweeping reforms, changes to foreign ownership law and listing requirements in, EY said in a report.