Dubai News

Emirates NBD expects 15 to 20 IPOs this year



Dubai: Dubai’s biggest bank, Emirates NBD, hopes to manage a sizeable number of the 15 to 20 Initial Public Offerings (IPOs) they are expecting from diverse UAE companies in the next two years amid a surge in the local markets that began last year and is continuing well into 2014.

“I am expecting not less than 15 to 20 IPOs in the next 24 months,” Abdullah Al Hosani, general manger of Emirates NBD Securities, told Gulf News in an exclusive interview last Tuesday. “As one of the biggest financial institutions, we will have a good number of them.”

When asked how many companies the bank is working currently with a firm intent to go the regulator to list, Al Hosani refrained from sharing any numbers.

“I can’t say as those are all classified information,” he said. “Let’s wait for the news. We are working on something.”


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