Aqua Bridge to list on Dubai Nasdaq: Dubai-based Aqua Bridge is “actively considering” listing its shares on Nasdaq Dubai, the aquaculture company said in a press release. The company’s plans come as it recorded strong revenue growth over the past year and is expected to see revenues rising 425% during the current fiscal year. The decision “is poised to infuse the company with the capital required to catalyze its growth and solidify its position as an industry leader,” Aqua Bridge CEO Mohammad Tabish said.

Aqua Bridge is expanding: Established in 2017, the company is the UAE’s only aquaculture service provider. This year, the company moved to establish a subsidiary in Kuwait in partnership with Kuwaiti sovereign-investment firm EnerTech Holding Company. Aqua Bridge was awarded a contract to develop a major multi-species hatchery in the Maldives last year. Also in 2022, the company inked an agreement to set up a joint venture with Israel-based water filtration firm Aqua Green.

The UAE’s markets have seen an influx of IPO activity: Over the past year, the UAE’s stock markets saw seven companies list their shares. The UAE had its biggest IPO to date, with Adnoc Gas’ IPO raising AED 9.1 bn (USD 2.5 bn) when it debuted in March. This month, healthcare firm PureHealth came in second place, with the company set to raise AED 3.62 bn (USD 986 mn) from its IPO on the ADX. Earlier this month, the Dubai Financial Market (DFM) saw state-owned Dubai Taxi debut its shares, selling 25% of the company for USD 315 mn.

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