Dubai May IPO Emirates, the Airline That Transformed Its Economy
- Emirates and its units may be listed on Dubai’s stock exchange
- Dubai is trying to catch up with Abu Dhabi, Riyadh on IPOs
Photographer: Karim Sahib/AFP/Getty Images
This article is for subscribers only.
Dubai may sell shares in its flagship carrier Emirates, which helped transform the city into a global hub for commerce, just as coronavirus restrictions ease and the outlook for travel brightens.
Emirates and its units may be listed on Dubai’s stock exchange, Chairman Sheikh Ahmed Bin Saeed Al Maktoum told Asharq TV. The comments come as the city ratchets up efforts to draw level with Abu Dhabi and Riyadh, which have been the hottest markets for IPOs in the Middle East.