Emirates could list one of its units as part of Dubai’s IPO push – Sheikh Ahmed

Emirates could list one of its units as part of Dubai’s IPO push – Sheikh Ahmed

Dubai airline Emirates could list one of its entities on the Dubai Financial Market, a senior official has said. “We are one of the companies owned by the government of Dubai,” said Sheikh Ahmed Bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group. “I’m sure the committee [Dubai Securities and Exchange Higher Committee] will be announcing which company will be [listed next]. Within Emirates group, one or two units [could be listed] – there are many successful businesses we run,” he said on the sidelines of the Dubai Airshow, without revealing further details. Earlier this month, the emirate announced the listing of 10 government and state-owned companies on the Dubai Financial Market as part of accelerating new listings in various sectors including energy, logistics and retail. So far, the Dubai government has announced plans to list utility Dubai Electricity and Water Authority (DEWA) and the Salik road toll system. Meanwhile Sheikh Ahmed also confirmed that Emirates is seeing strong momentum this year as more and more countries reopen their borders. However, while the company is ready to ramp up capacity, he stressed that the move was dependent on governments. “Some countries – they are slow with how