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Mena IPO activity likely to accelerate in H2: Experts

Dubai - Twenty seven IPOs (initial public oferings) had raised $11.5 billion in 2014.

Experts had claimed that 2015 would see increased stock market activity in terms of public issuances. Twenty seven IPOs (initial public oferings) had raised $11.5 billion in 2014, the best performance since the financial crisis.
Government efforts in easing regulations and policies related to listings and increased cross-sector spending to encourage economic diversification boosted investor confidence. However, this was impacted by the oil price volatility.
Dr Obaid S. Al Zaabi, DCEO Listing, Disclosure and Legal, Securities and Commodities Authority, and chairman of the Arab IPO Summit, said: "In order to ensure long-term financing in regional markets, it is imperative to achieve balance between conventional investors and IPOs as an ultimate source to raise capital."
The Arab IPO Summit is set to be held from September 14 to 17 at Taj Dubai Hotel in Dubai. Partners include Securities and Commodities Authority, UAE, Dubai Financial Market, Abu Dhabi Securities Exchange, among others.
- business@khaleejtimes.com