By Amr Adel
Dubai – Mubasher: Dubai Financial Market is likely to see the listing of one or two companies that are prepared to float their shares during 2016, said Essa Kazim, chief executive officer of DFM.
“Currently that are a minimum of ten companies that are prepared to go public on DFM,” said the top executive in an emailed statement to Mubasher.
He added that some of these companies communicated with the regulatory bodies, but there is nothing definite about the timing of the share floating.
The IPOs activity was halted for several years due to the global financial crisis, then resumed in Dubai in 2014. Meanwhile, some companies shelved their IPO move on worries about the fallout of the oil decline on the economy.
