Dubai listing of state entities will be ‘catalyst’ for growth, analysts say – The National

Dubai listing of state entities will be ‘catalyst’ for growth, analysts say – The National

Dubai's initial public offering of 10 state-owned companies will be a catalyst for growth as the emirate looks to double the size of its capital market to Dh3 trillion ($817 billion) and attract foreign investment, analysts say.

The move to list government-related entities will broaden sectors of the economy represented on the Dubai Financial Market, increase liquidity, which will in turn boost investor confidence.

“Dubai’s proposed listing of 10 state-owned companies can be a positive catalyst for the DFM,” said Tarek Fadlallah, chief executive of Nomura Asset Management in the Middle East.