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(Menarfin) Abu Dhabi Securities Exchange forecasts a surge in registers in 2023 even as global economies grapple with peak inflation and soaring interest rates, the chairman of the Abu Dhabi Securities Exchange said.
“We have a healthy pipeline of IPOs and listings and we are targeting beyond 2022. There are always challenges and opportunities,” Hisham Khalid Malak, chairman of Abu Dhabi Securities Exchange, told a news agency on Wednesday.
The global situation is “starting better than expected and now predicting a soft landing in the US,” he said, adding that “Europe is also starting to improve and China is opening up”.
The Gulf region’s second-largest market for 2022 includes 5 IPOs and 2 dual registrations, in addition to 6 exchange-traded investments and 1 registration of a blank-check company. It also registered one on its secondary market, which connects financiers with reduced private players.
ADNOC’s gas business, as well as Abu Dhabi-based supermarket chain Lulu Group International, are both poised to register in 2023.
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