Lack of investor education threatens future of SPACs in the UAE, experts say – Arabian Business

Lack of investor education threatens future of SPACs in the UAE, experts say – Arabian Business

Lack of investor education on Special Purpose Acquisition Companies (SPACs) remains a major obstacle for the new ‘listing’ route to take off in a big way in the UAE, market experts said.

The tepid progress of listing through the SPAC route remained a concern amidst the recent boom in initial public offerings (IPOs) in the country, they said.

The rush for IPO listings in UAE saw the Securities and Commodities Authority (SCA) approve in January a regulatory framework for SPACs. But the new listing route has not taken off in the same way as traditional IPOs, market experts at a panel discussion organised by the Institute of Chartered Accountants in England and Wales (ICAEW) held in Dubai pointed out.