Abu Dhabi Family Plans Middle East’s Second SPAC Listing
- Just one SPAC has listed in the UAE, backed by wealth fund ADQ
- The global SPAC market has fallen sharply from previous highs
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An investment firm backed by Abu Dhabi’s Al Maskari family is planning to list a blank-check firm in the city, people familiar with the matter said, in what would be the second such deal in the Middle East.
MEASA Partners is targeting a listing for the special purpose acquisition company this year, the people said, asking not to be identified as the information isn’t public. It’s working with Abu Dhabi Commercial Bank PJSC and Credit Suisse Group AG on the potential listing, they said.