Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.
According to its CEO Karim El-Solh, the return of IPOs in Dubai and Abu Dhabi financial markets has encouraged the company to consider this step, meaning they are in contention with Saudi Arabia and Egypt.
Gulf Capital bets on growth in Asia to outperform US and European markets, El Solh said, as reported by the local media.
El Solh told reporters that Gulf Capital, which manages more than $2.5 billion in assets, has been expanding its companies’ exposure to Asia through organic growth, joint ventures and new market entries.
