{"id":90482,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/more-ipo-activity-ahead\/"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"more-ipo-activity-ahead","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/","title":{"rendered":"More IPO activity ahead"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong>,<strong> <\/strong>and happy hump day. We have a tight issue for you this morning, with the biggest story of the day being Mubadala\u2019s debut USD 1 bn sukuk issuance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH READING- <\/strong>We have coverage of <strong>Mercer\u2019s salary increase expectations<\/strong> \u2014 we\u2019re looking at 4.1% increases this year \u2014 and a <strong>PwC wrap-up of M&amp;A activity<\/strong> in the UAE and the region over the past year. We also have an interesting read from a media roundtable hosted by <strong>Visa <\/strong>earlier this month, which saw <strong>top risk and fraud execs at the firm talk genAI in the financial sector and the most common fraud scams of the past year<\/strong>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:36pm in Dubai and 6:39pm in Abu Dhabi, and you have until 5:01am to hydrate and caffeinate ahead of Fajr in Abu Dhabi, and until 4:57am in Dubai.<\/p>\n<p class=\"tag-border-left\">SPORTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> \u26bd The UAE beat Yemen 3-0 in the World Cup 2026 qualifiers<\/strong>, securing its place in the third round with 12 points at the top of its group. <\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Al Reem Island businesses are exempt from ADGM registration fees until November: <\/strong><a target=\"_blank\" href=\"https:\/\/www.adgm.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi<\/a><a target=\"_blank\" href=\"https:\/\/www.adgm.com\/\" style=\"\" rel=\"noopener\">Global Market<\/a> (ADGM) will exempt businesses established on Al Reem Island and operating in the retail and non-financial sectors from license registration fees until 31 October to encourage them to transition to the ADGM, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-announces-incentive-initiative-for-existing-al-reem-island-businesses-transitioning-to-adgm\" style=\"\" rel=\"noopener\">press release<\/a>. \u201cThis will help mitigate any potential disruptions that these businesses might encounter when moving from an ADDED license to an ADGM license, enabling them to operate within ADGM's jurisdiction, swiftly,\u201d says ADGM Registration Authority CEO Hamad Sayah Al Mazrouei. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- ADGM <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-welcomes-al-reem-island-businesses-to-its-community\" style=\"\" rel=\"noopener\">expanded<\/a>&nbsp;<\/strong><strong>to the jurisdiction of Al Reem Island<\/strong> under a cabinet decree in November 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Applications for the 12-month <\/strong><strong><a target=\"_blank\" href=\"https:\/\/uaenep.ae\/en\/about-nep-4-0\" style=\"\" rel=\"noopener\">National Experts Program<\/a><\/strong><strong> opened yesterday. <\/strong>The program will offer mentorship and technical training for 20 Emirati technical experts across different sectors, covering economic growth, social development, as well as sustainability and infrastructure, with one applicant selected to represent each sector, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/4th-national-experts-program-opens-for-registration-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. This year\u2019s edition will feature a nine-month academic program followed by a three-month rotation module, providing successful applicants with options to customize their coursework.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Sharjah Commerce and Tourism Development Authority will be on the agenda <\/strong><strong>for the Sharjah Consultative Council (SCC) when it meets <\/strong><strong>tomorrow<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2bllpe-scc-discusses-sctda-recommendations-its-seventh\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The SCC will discuss unspecified recommendations related to the authority based on an SCC report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF THE SCC- Is Sharjah getting a rental disputes center?<\/strong> The SCC\u2019s Legislative and Legal Affairs, Appeals, Suggestions, and Complaints Committee reviewed yesterday <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/04dc4aee-d9d7-4741-aa15-499c682aea1b\" style=\"\" rel=\"noopener\">a draft bill<\/a> to establish a rental disputes center in the emirate, reports <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/03\/26\/SCC-Committee-reviews-establishing-a-Rental-Disputes-Centre\" style=\"\" rel=\"noopener\">Sharjah 24<\/a>. The law was referred to the SCC by Sharjah\u2019s Executive Council, after the Sharjah Consultative Council <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/afa22027-4c08-4697-a6bd-59d5b55dc8f0\/sharjah%253cmark%253e-rent-%253c%2Fmark%253elaw-gets-consultative-council-green-light\" style=\"\" rel=\"noopener\">gave it the greenlight<\/a> earlier this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they discussed: <\/strong>The committee reviewed the law\u2019s definitions, objectives, competencies, and related entities against its overarching aim to \u201cachieve complete justice and quality of rulings,\u201d Sharjah 24 said. They also discussed how the potential center\u2019s tasks and responsibilities would be managed, ensuring it fits with internal regulations.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Louvre Abu Dhabi opened the doors to its latest exhibition, From Kal\u012bla wa Dimna<\/strong><strong> to La Fontaine: Traveling through Fables<\/strong>, in collaboration with Biblioth\u00e8que nationale de France, France Mus\u00e9ums, and Van Cleef &amp; Arpels, according to <a target=\"_blank\" href=\"https:\/\/www.louvreabudhabi.ae\/en\/exhibitions\/kalila-wa-dimna\" style=\"\" rel=\"noopener\">the museum\u2019s website<\/a>. The exhibition showcases over 130 artworks highlighting the evolution of Eastern and Western storytelling traditions, and allows visitors to create their own fable through AI-powered touch tables. Tickets for the showcase, which will wrap on 21 July, can be purchased <a target=\"_blank\" href=\"https:\/\/www.louvreabudhabi.ae\/en\/Buy%20Ticket\/admission\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1 Dubai eyes Alec IPO:<\/strong> The Investment Corporation of Dubai (ICD), the primary investment entity of the Dubai government, is reportedly in preliminary discussions regarding a potential IPO listing of its construction firm <a target=\"_blank\" href=\"https:\/\/www.alec.ae\/\" style=\"\" rel=\"noopener\">Alec<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-26\/dubai-weighs-ipo-of-construction-firm-alec-amid-property-boom\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. No details on the size and timing of the IPO were provided, and ICD might not follow through on the listing, according to Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The potential IPO would come against the backdrop of steep Dubai property prices and rents<\/strong>, after a \u201cyears-long slump\u201d in market activity, the business information notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The country just saw its first IPO of the year last week with Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de573f5b-c1df-4b13-ba64-58e95fdfcffb\/parkin-share-price-rises-35%2525-on-market-debut\" style=\"\" rel=\"noopener\">Parkin\u2019s debut<\/a> on the DFM. The IPO raised AED 1.57 bn after seeing 165x oversubscription. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more in the pipeline: <\/strong>At least four companies have expressed plans to move forward with IPOs this year, including edtech firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e6ab588-7cbe-4ef7-acfb-97819fbace7d\/alef-education-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">Alef Education<\/a> and supermarket chain <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa864923-b630-428a-8983-899370e1ccb4\/lulu-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">LuLu group<\/a>, both of which have tapped banks to advise on their transactions. Talk of Etihad Airways <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">potentially tapping<\/a> public markets also gained traction. Amanat Holdings is also reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">looking to list<\/a> its healthcare unit, while Spinneys Dubai and shisha producer Advanced Inhalation Rituals are both eyeing IPOs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>The ADX could be seeing more IPOs this year from companies in new sectors<\/strong>, ADX President Abdulla Salem Al Nuaimi told <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/121267\/2024\/3\/26\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%B3%D9%88%D9%82-%D8%A3%D8%A8%D9%88-%D8%B8%D8%A8%D9%8A-%D9%84%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%86%D8%AD%D9%86-%D9%81%D9%8A-%D9%86%D9%82%D8%A7%D8%B4-%D8%AD%D8%A7%D9%84%D9%8A%D8%A7-%D9%84%D8%B7%D8%B1%D8%AD-%D8%A3%D9%86%D9%88%D8%A7%D8%B9-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%AF%D9%8A%D9%82-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D9%88%D9%82\" style=\"\" rel=\"noopener\">CNBC Arabia<\/a> in an interview, without disclosing further details. Al Nuaimi noted that several companies have already approached the ADX with IPO plans.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2- Abu Dhabi-backed RedBird IMI\u2019s takeover bid of the Telegraph has received another <\/strong><strong>blow<\/strong> after the UK\u2019s House of Lords passed an amendment that would block foreign state ownership of media outlets, the <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/politics\/2024\/03\/26\/lords-approve-law-block-uae-telegraph-takeover\/\" style=\"\" rel=\"noopener\">Telegraph<\/a> reports. The law would still need to pass the Commons and receive Royal Assent, but could become ratified within weeks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RedBird IMI is still assessing its options: <\/strong>The investor has reportedly been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae64c3e8-98fa-4c8f-85b4-4d41c87a40a0\/redbird-imi-eyes-telegraph-sale-%2B-we%25e2%2580%2599re-one-step-closer-to-the-india-middle-east-europe-trade-corridor\" style=\"\" rel=\"noopener\">considering<\/a> a sale of the magazine, or a dilution of its stake \u2014 potentially down to 25% \u2014 with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cc627f1a-b821-427a-842e-42996070d76b\/RedBird%20IMI%E2%80%99s%20Telegraph%20takeover%20bid%20could%20see%20more%20obstacles\" style=\"\" rel=\"noopener\">Rupert Murdoch\u2019s News Corp and owner of the Daily Mail, General Trust<\/a>. This could ease UK watchdogs\u2019 concerns. It has until 2 April to prepare its defense and address the government\u2019s concerns.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- London-based hedge fund Gemcorp Capital is looking to open a trading office in Abu <\/strong><strong>Dhabi in 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-26\/hedge-fund-gemcorp-plots-abu-dhabi-office-in-private-credit-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a representative at the firm. The firm, which manages some USD 1.2 bn worth of assets, plans to employ 15 employees in the office, with a focus on private credit. The office will also have an eye on Africa and other emerging markets, the source said. Gemcorp already operates a representative office in neighboring Dubai and also aims to launch a USD 1 bn fund for investment in Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Abu Dhabi has become a haven for hedge funds as of late, as it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4bc7e1e-7bfb-4ffe-83f0-75f01ebaec27\/mgx-could-invest-in-openai%25e2%2580%2599s-chip-and-power-production-venture-%2B-eagle-hills%25e2%2580%2599-investment-in-budapest-could-reach-eur-10-bn\" style=\"\" rel=\"noopener\">looks to offer<\/a> incentives to finance professionals that will attract them to the Abu Dhabi Global Market. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The UAE's investments in Africa outstrip the global average<\/strong>, totaling USD 44.5 bn, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4z27dtxz\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing fDi Markets. The UAE outperformed the US, China, Britain, and France in its investments in the continent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Central Bank of the UAE\u2019s (CBUAE) latest AED-denominated T-Sukuk <\/strong><strong>auction <\/strong><strong>was 7.1x oversubscribed<\/strong>,<strong> <\/strong>pooling AED 7.73 bn in bids, Wam <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2c715h-islamic-treasury-sukuk-continues-achieve\" style=\"\" rel=\"noopener\">reports<\/a>, citing the Finance Ministry. The three- and five-year tranches saw strong demand, with the T-Sukuk sold at 4 bps over US treasuries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>The CBUAE launches regular AED-denominated Shariah-compliant sukuk auctions in a bid to strengthen the local currency\u2019s yield curve in capital markets. More information on the program is available <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/local-currency-islamic-sukuk-issuance\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Bank branches in the UAE are leading the Gulf region in revenue generation, <\/strong>averaging some USD 18.6 mn per branch for retail services, head of financial services at global management consulting company Roland Berger Saumitra Sehgal told <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2c715l-uae-banks-lead-revenue-digitalisation-cuts-branch\" style=\"\" rel=\"noopener\">Wam<\/a>. High margins come on the bank of digital transformations that slash costs and allow for fewer branches, with 157 branches merged or reduced in the country from 2019 to 2022. Banks in the country top the Gulf in terms of scaling down the number of branches. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC banks could save up to USD 3 bn annually by merging branches<\/strong>,<strong> <\/strong>adds Sehgal. He projects the UAE may slash branches by a further 10-15% within two years on the back of continued digital transformation in the banking sector, while Gulf banks could collectively shed 623 branches.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Dubai International Chamber attracted 104 new small and medium-sized&nbsp;<\/strong><strong>enterprises (SMEs) in 2023<\/strong>,<strong> <\/strong>up 550% y-o-y, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/march\/26-03\/dubai-international-chamber\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Middle Eastern and Eurasian SMEs comprised 32% of that figure, while Asian and Australian companies accounted for 29% and Latin American and European companies made up 26% of new SMEs, and African companies made up 13%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SMEs offering trade and logistics services accounted for 17% of newly attracted companies during the year<\/strong>, followed by those in IT (12%), food and agriculture (10%), healthcare and pharma (9%), public services (7%), and financial services (6%). Companies operating in real estate and retail, fashion, travel, and tourism sectors came in last (4%).<\/p>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/tickets.dubairacingclub.com\/landing.html\" style=\"\" rel=\"noopener\">The Dubai World Cup<\/a><\/strong><strong>, a global horse racing event held at Meydan Racecourse <\/strong><strong>takes place on 30 March<\/strong>, featuring USD 30.5 mn in total prize money. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government-organized AI summit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/machinescansee.com\/\" style=\"\" rel=\"noopener\">Machines Can See<\/a><\/strong><strong> is scheduled to take <\/strong><strong>place on Wednesday, 17 April <\/strong>at the Museum of the Future in Dubai. The one-day event will discuss the use of AI to transform urban systems and services, outlook on AI investments, and explore the risks of AI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Esports and Games Festival (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaiesportsfestival.com\/en\/home\" style=\"\" rel=\"noopener\">DEF 2024<\/a><\/strong><strong>) kicks off on 19 April and runs <\/strong><strong>through 5 May<\/strong>, with several events around the emirate.The event features GameExpo, offering gaming experiences, tournaments, meet-ups with gaming celebrities, and educational events for students.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/gisec.ae\/\" style=\"\" rel=\"noopener\">Gulf Information Security Expo and Conference<\/a><\/strong><strong> will take place between 23 and 25<\/strong><strong> April<\/strong> at the Dubai World Trade Centre. The event will gather hundreds of cybersecurity firms, government officials, and cyber experts from 130 countries. You can book your ticket <a target=\"_blank\" href=\"https:\/\/visit.gisec.ae\/DWTC\/gisec24\/Shop?gad_source=1&amp;gclid=Cj0KCQjwwYSwBhDcARIsAOyL0fgpDDnl4eNwwMnPjlPYuRWGnu3LaTT1v2j_AUsTJkNPnkNxWNPfx1saAhR2EALw_wcB&amp;culture=en\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and happy hump day. We have a tight issue for you this morning, with the biggest story of the day being Mubadala\u2019s debut USD 1 bn sukuk issuance. ALSO WORTH READING- We have coverage of Mercer\u2019s salary increase expectations \u2014 we\u2019re looking at 4.1% increases this year \u2014 and a PwC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90483,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[159,29,149,134,60,1390,136,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-banking","tag-capital-markets","tag-ipo-watch","tag-legislation-watch","tag-ma-watch","tag-sharjah","tag-sports","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"8dcfa86d-6c4f-42e8-a876-49f89eb35c70","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/1198.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: More IPO activity ahead + Another blow for RedBird IMI","related_issue":[90480],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ce72b0e3-3fd4-49a3-a0ff-dc8aaf208be6.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More IPO activity ahead - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More IPO activity ahead\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and happy hump day. We have a tight issue for you this morning, with the biggest story of the day being Mubadala\u2019s debut USD 1 bn sukuk issuance. ALSO WORTH READING- We have coverage of Mercer\u2019s salary increase expectations \u2014 we\u2019re looking at 4.1% increases this year \u2014 and a PwC [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More IPO activity ahead\",\"datePublished\":\"2024-03-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\"},\"wordCount\":1622,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"capital markets\",\"IPO WATCH\",\"LEGISLATION WATCH\",\"M&amp;A WATCH\",\"Sharjah\",\"Sports\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\",\"name\":\"More IPO activity ahead - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-27T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More IPO activity ahead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"More IPO activity ahead - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/","og_locale":"en_US","og_type":"article","og_title":"More IPO activity ahead","og_description":"Good morning, wonderful people, and happy hump day. We have a tight issue for you this morning, with the biggest story of the day being Mubadala\u2019s debut USD 1 bn sukuk issuance. ALSO WORTH READING- We have coverage of Mercer\u2019s salary increase expectations \u2014 we\u2019re looking at 4.1% increases this year \u2014 and a PwC [&hellip;]","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/","og_site_name":"UAE","article_published_time":"2024-03-27T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"More IPO activity ahead","datePublished":"2024-03-27T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/"},"wordCount":1622,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1","keywords":["banking","capital markets","IPO WATCH","LEGISLATION WATCH","M&amp;A WATCH","Sharjah","Sports","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/","name":"More IPO activity ahead - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1","datePublished":"2024-03-27T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/27\/more-ipo-activity-ahead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"More IPO activity ahead"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=90482"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90482\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90483"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=90482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=90482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=90482"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=90482"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}