Abu Dhabi Leads Gulf IPO Rush
Residential high-rise buildings on Al Maryah Island in Abu Dhabi. Photographer: Christopher Pike/Bloomberg
The boom in Middle East initial public offerings has continued into 2023 and the United Arab Emirates’s capital is leading the way, hosting the world’s biggest listing so far.
Abu Dhabi’s main energy company raised $2.5 billion in the IPO of its gas business last week, the largest globally of 2023 and the first major deal in the region this year.