Dubai Ranks of IPO Hopefuls Grow With Shuaa Plans for Two Listings
- Shuaa may list Stanford Marine Group, NCM Investment in 2022
- Dubai pledged to sell shares in 10 state firms as part of push
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Shuaa Capital PSC, which oversees around $14 billion in assets, is considering initial public offerings of two of its portfolio companies as Dubai’s efforts to revive its stock market gain traction among private businesses, according to people familiar with the matter.
The investment bank and asset manager has been in talks with the Dubai Financial Market about listing Stanford Marine Group and NCM Investment, the people said, asking not to be named because the information is confidential.