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New Details

"Big Success" Predicted For Potential Emirates IPO, Says CEO

Published on : 13-05-2024

He also highlighted that the growing traffic in the country and the increasing hotel occupancies are positive indicators of Dubai's performance.

Speaking at the Arabian Travel Market in Dubai's World Trade Centre, Sheikh Ahmed expressed confidence in the potential success of such a move, stating, "If we go public, it will be a big success." However, he emphasised that the decision ultimately lies in the hands of the government.

The positive outlook for Dubai's aviation sector is further supported by increasing traffic and rising hotel occupancies in the country. Sheikh Ahmed highlighted these as indicators of Dubai's strong performance, stating, "We prove to the world that Dubai can always deliver."

Meanwhile, the CEO of Etihad Airways, Antonoaldo Neves, noted that airlines going public with an IPO listing is not uncommon in the industry. He highlighted the benefits of "accessing capital markets and public markets through an IPO", especially for capital-intensive businesses like airlines.

Looking back at 2022, Maurice Gravier, chief investment officer at Emirates NBD Group, highlighted Dubai authorities' efforts to improve market breadth and liquidity. This improvement was planned with a market maker fund and an aDH1 fund to encourage technology companies to be on the list of local bourses.

He mentioned plans to list ten state-controlled entities, including Dewa, Salik, Tecom, Empower, Dubai Duty-Free, Jumeirah Group, and potentially Emirates Airlines, demonstrating Dubai's commitment to strengthening its IPO market.

#dubai #uaetravel #events #ATM #uaetourism #meetings #mice

News Source : Khaleej Times

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