Abu Dhabi IPO Fund plans up to four listings by 2024-end

Abu Dhabi IPO Fund plans up to four listings by 2024-end

Abu Dhabi can expect up to four further listings of private companies by the end of 2024, according to Bassel Khawaja, advisory head of the Abu Dhabi IPO Fund. Speaking on the sidelines of Abu Dhabi Finance Week (ADFW), Khawaja told AGBI the fund is currently assisting three unnamed companies with their IPO readiness.  He […]Abu Dhabi can expect up to four further listings of private companies by the end of 2024, according to Bassel Khawaja, advisory head of the Abu Dhabi IPO Fund.

Speaking on the sidelines of Abu Dhabi Finance Week (ADFW), Khawaja told AGBI the fund is currently assisting three unnamed companies with their IPO readiness. 

He said the companies were in the technology, foreign exchange and remittance and hospitality sectors. The future pipeline includes companies in real estate and the industrial sector.

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Khawaja said he expected the government’s “privatisation program” to continue, followed by a push from the private sector to list on the Abu Dhabi Securities Exchange (ADX).

Listings on the ADX witnessed the highest proceeds in the first nine months of the year with $3.7