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Dubai Financial Market sees $9.4 billion raised in IPOs, $131 billion in bonds and sukuk listings
Demand for share sales has remained robust this year.
![Dubai Financial Market sees $9.4 billion raised in IPOs, $131 billion in bonds and sukuk listings Dubai Financial Market sees $9.4 billion raised in IPOs, $131 billion in bonds and sukuk listings](https://fastcompanyme.com/wp-content/uploads/2024/03/Dubai-IPOs-recorded-9.4bln-in-the-last-three-years.jpeg)
Dubai’s financial markets emerge as crucial platforms for businesses seeking additional capital, with recent share offerings attracting billions of dirhams and significant investor interest.
A recent report reveals that organizations utilizing the Dubai Financial Market (DFM) to raise funds via initial public offerings (IPOs) over the past three years have amassed $9.4 billion in proceeds.
This trend reflects a market witnessing a growing appetite for share sales, with demand exceeding $272 trillion since 2021.
During the same period, DFM and Nasdaq Dubai have seen listings encompassing 155 bonds and sukuk valued at $131 billion.
“Dubai’s capital markets have emerged as a vital platform for regional and international entities seeking to raise capital or secure funding for their growth and expansion endeavors,” a statement from Dubai Media Office said.
Thanks to heightened trading activities, capital inflows, and an influx of new investors, DFM witnessed an excellent performance in 2023, surpassing the 4,000-point milestone for the first time in nearly a decade. The most recent addition to this trend is Parkin Co. PJSC, which garnered $71 billion in orders for its $429 million IPO in Dubai.
In 2023, the UAE accounted for a significant portion, approximately 56.3%, of the GCC’s IPO proceeds, according to Kamco Invest. During this period, IPOs in the UAE raised roughly $6.07 billion.
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