By: Amr Adel
Dubai – Decypha: Nasdaq Dubai received new listing requests from companies in the Middle East and North Africa (MENA), according to chief executive Hamed Ali.
There are continuous talks with a number of companies, with expectations that this year will see more subscriptions, Ali told Decypha.
Having diversified investors in Nasdaq Dubai is a factor that attracts more companies, the chief executive said.
Trading on ENBD REIT’s shares began on Thursday, following its $105 million initial public offering (IPO) on the bourse.
Listing of ENBD REIT’s shares is suitable in the current period, coming in line with the current activity of the real estate sector and growth of projects in the UAE, he noted.
There is an optimistic outlook for Nasdaq Dubai, not only in terms of subscriptions and listings, but also regarding the derivatives market which was recently launched.
The volume of sukuk listings is expected to rise in the coming weeks.
The bourse plans to issue other investment instruments and new platforms in the coming period, Ali concluded.
Translated by: Julian Nabil
