By: Amr Adel
Dubai – Decypha: EFG Hermes UAE is currently managing three initial public offerings (IPOs) in UAE markets this year, according to CEO Moustafa El Chiati.
The IPOs, which amounted to less than AED 1 billion, are still under study, El Chiati added on the sidelines of the annual One on One Conference in Dubai on Monday.
The companies, which will launch their IPOs, operate in several sectors including healthcare and real estate; and Emirates NBD REIT is among such firms.
EFG Hermes is acting as an advisor for two transactions carried out by unlisted companies within the two coming weeks in the healthcare sector, El Chiati said,
There are three or four merger and acquisition transactions under preliminary study, but they did not reach the negotiations stage.
The company’s plans in the UAE are better than last year in terms of the number of transactions and their values, the CEO noted.
Translated by: Julian Nabil
