{"id":92093,"date":"2024-05-17T00:00:00","date_gmt":"2024-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-led-ipo-activity-in-terms-of-proceeds-in-the-mena-region-in-1q-2024\/"},"modified":"2024-05-17T00:00:00","modified_gmt":"2024-05-17T00:00:00","slug":"uae-led-ipo-activity-in-terms-of-proceeds-in-the-mena-region-in-1q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/17\/uae-led-ipo-activity-in-terms-of-proceeds-in-the-mena-region-in-1q-2024\/","title":{"rendered":"UAE led IPO activity in terms of proceeds in the MENA region in 1Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning, friends, and happy FRIDAY. <\/strong><span style=\"background-color: transparent;\">We close out what has been a particularly busy week with yet another busy issue. We have another update on Sidara\u2019s play to acquire Wood Group, a new ETF from Lunate, and an update on Adnoc\u2019s oil production.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also:<\/strong> We have more data indicating that the Dubai property boom is far from over, as well as analysis from S&amp;P Global on why GCC banks are set to benefit off of higher-for-longer rates. <\/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- \u2600\ufe0f WEATHER- It\u2019s another hot, sunny weekend<\/strong>, with the mercury hitting 40\u00b0C today in Dubai and a cooler 36\u00b0C in Abu Dhabi, with overnight lows between 29-31\u00b0C. <strong>Tomorrow<\/strong> will see both emirates cool down slightly, with temperatures peaking at 38\u00b0C in Dubai and 36\u00b0C in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On Sunday, expect temperatures to cool down further <\/strong>to 36\u00b0C in Dubai and 31\u00b0C in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Car rental companies can now get technical inspections in Dubai&nbsp;<\/strong>under a new initiative launched by Dubai's Roads and Transport Authority (RTA), according to a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/launching-lifespan-extension-inspection-initiative-for-commercial-vehicles\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative targets light vehicles in the car rental business in its initial phase, and will be rolled out to other types of commercial vehicles at later stages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<br \/><\/strong><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to subscribe? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE delivered every weekday before 7am UAE time \u2014 without charge, thanks to our friends at Mashreq.<br \/><strong>***<\/strong><\/p>\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\"><a id=\"wwtt1\"><\/a> <strong>#1- The UAE led IPO activity in the Mena region in terms of proceeds in 1Q 2024<\/strong>, with Parkin Company\u2019s debut on the DFM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a73ac530-debb-4dcc-a9b7-eaa8a4ab3b90\/first-ipo-of-the-year-was-165x-oversubscribed\" style=\"\" rel=\"noopener\">raising USD 429 mn<\/a> \u2014 the highest proceeds in the region for the quarter \u2014 accounting for 37.2% of total regional IPO value, according to the latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1332.pdf\" style=\"\" rel=\"noopener\">Mena IPO Eye (pdf) report<\/a> from <a target=\"_blank\" href=\"https:\/\/www.ey.com\/en_gl\" style=\"\" rel=\"noopener\">EY<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mena stock markets saw a total of 10 listings raise USD 1.2 bn, all of them in the GCC<\/strong>, during the quarter. While volumes remained robust y-oy, proceeds dropped 66% y-o-y compared to 1Q 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia had the lion\u2019s share of IPO activity<\/strong> with nine out of a total 10 debuts in the region on Tadawul and Nomu in 1Q 2024, raising USD 724 mn in proceeds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> IPO activity is set to accelerate further, with 25 private companies and 10 funds announcing that they intend to go public this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Our IPO pipeline for the year is looking healthy: <\/strong>Supermarket chain operator LuLu Group International is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7afffccb-5246-40b3-9f59-a15d3f145e46\/spinneys-plans-may-dfm-debut,-ksa-expansion-this-year\" style=\"\" rel=\"noopener\">gearing up for listing<\/a> in Abu Dhabi, with a possible dual listing on the Riyadh Stock Exchange. Edtech firm Alef Education has <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\">also already tapped banks<\/a> to advise on its planned ADX IPO, while Etihad Airways\u2019 highly anticipated listing \u2014 which could become the first by a Gulf carrier \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fb6668e9-b741-4d46-90fd-c0709ca49bf5\/etihad-airways-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">could take place<\/a> by year\u2019s end. <\/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=\"wwtt1\"><\/a> <strong>#2- The e-commerce market here at home reached USD 7.5 bn (AED 27.5 bn) in 2023, <\/strong>driven by a \u201ctech-savvy Gen Z and millennial population,\u201d strong government support in regulations, and substantial investments in digital infrastructure, according to Dubai South-based e-commerce zone EZDubai\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1338.pdf\" style=\"\" rel=\"noopener\">e-commerce report (pdf)<\/a>. This gives the UAE a 26% e-commerce market share in the region, following Saudi Arabia, which holds a 30% share. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apparel and footwear contributed the largest value<\/strong> during the period at USD 2.4 bn, followed by consumer electronics, which pooled USD 1.9 bn, and media products, at USD 1.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market is projected to hit USD 13.3 bn (AED 48.8 bn) by 2028, <\/strong>with e-commerce penetration expected to grow by nearly four percentage points to 15.3%, compared to 11.4% in 2023, the report adds.<\/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=\"wwtt2\"><\/a> <strong>#1- Alpha Dhabi seeks shareholder approval to shed assets: <\/strong>Alpha Dhabi\u2019s general assembly is set to meet on 10 June to hold a shareholder vote on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4824b656-c9e1-4d9e-8b0b-60ec651c6828\/adq-to-acquire-49%2525-stake-in%253cmark%253e-alpha-dhabi-construction%253c%2Fmark%253e-holding\" style=\"\" rel=\"noopener\">sale of a 49% stake<\/a> in its wholly-owned subsidiary, Alpha Dhabi Construction Holding, to Abu Dhabi state investor ADQ, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1346.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholders will also vote on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa7faa39-cc5a-43f8-ab24-7aea18e4060c\/national-corporation-for-tourism-and-hotels-acquires%253cmark%253e-alpha-dhabi%253c%2Fmark%253e-subsidiaries\" style=\"\" rel=\"noopener\">selling three Alpha Dhabi-owned hotel businesses<\/a><\/strong> to the National Corporation for Tourism &amp; Hotels PJSC (NCTH) in exchange for newly issued shares in NCTH. The targeted businesses for sale include ADH Hospitality, Murban (BVI) Holding, and Hill View Resorts in the Seychelles.<\/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- Limitless to pay final AED 300 mn settlement to Deyaar this month: <\/strong>Dubai-based property developer Deyaar Development is set to receive the final AED 300 mn payment \u2014 the second of a larger AED 500 mn settlement agreement \u2014 from real estate developer Limitless this May, Deyaar CEO Saeed Al Qatami told <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-05-16-1.4873070\" style=\"\" rel=\"noopener\">Al Bayan<\/a>. The final settlement payment is expected to increase Deyaar\u2019s liquidity to AED 1.7 bn from AED 1.4 bn, according to Al Qatami.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Deyaar received the first AED 200 mn payment in <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/property\/2022\/12\/07\/deyaar-receives-544m-as-settlement-in-land-dispute-with-limitless\/\" style=\"\" rel=\"noopener\">2022<\/a>, after the settlement was approved in 2021 following a court ruling over a land dispute between the two developers, obligating Limitless to pay AED 412 mn to Deyaar, in addition to a compensation of some AED 61 mn.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a slow day in the global press<\/strong>, with only OpenAI, Putin and Xinping\u2019s meeting yesterday, and The Trump\u2019s hush-money trial making headlines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OpenAI struck an agreement with Reddit to use content from the social media <\/strong><strong>platform for ChatGPT<\/strong>, marking the latest in the company\u2019s pursuit of more content. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/27\/business\/media\/new-york-times-open-ai-microsoft-lawsuit.html\" style=\"\" rel=\"noopener\">Read: The company is fighting lawsuits with the New York Times and Microsoft over copyright infringement claims.<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reddit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/2\/22\/24080165\/google-reddit-ai-training-data\" style=\"\" rel=\"noopener\">struck a similar agreement<\/a><\/strong><strong> with OpenAI\u2019s AI rival, Google<\/strong>, worth USD 60 mn earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> Reddit\u2019s shares soared 11% in after hours trading following the announcement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is leading most front pages: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/openai-strikes-deal-bring-reddit-content-chatgpt-2024-05-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2fb9b1d2-e191-4932-9e08-6cc295d94d2b\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/5\/16\/24158529\/reddit-openai-chatgpt-api-access-advertising\" style=\"\" rel=\"noopener\">The Verge<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/16\/reddit-soars-after-announcing-openai-deal-on-ai-training-models.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER AI NEWS- Two voice actors in the US are suing an AI startup for illegally using <\/strong><strong>their voices in their tech<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/ai-voiceover-company-stole-voices-actors-new-york-lawsuit-claims-2024-05-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/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>IN THE WORLD OF POLITICS-<\/strong><strong>Russian President Vladimir Putin and China\u2019s Xi Jinping <\/strong><strong>are banding together<\/strong> against \u201cdestructive and hostile\u201d US actions aiming to \u201ccontain\u201d both countries. The two countries also vowed to deepen their economic partnership, and warned of increased risks from spiraling tensions between nuclear powers, accusing the US specifically of deploying nuclear missiles around the world that threaten their security. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-15\/putin-starts-china-visit-seeking-xi-s-support-for-his-new-term\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f77028c8-c960-4d10-b0eb-4c511924a4d5\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/article\/2024\/may\/16\/vladimir-putin-xi-jinping-announce-plans-strengthen-military-ties-beijing\" style=\"\" rel=\"noopener\">The Guardian<\/a>) <\/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>PLUS- Donald Trump\u2019s attorneys cross-examined Trump\u2019s former attorney Michael <\/strong><strong>Cohen yesterday <\/strong>in what was said to be a heated day in court as the hush-money trial continues. The trial is now nearing its end, with closing arguments expected as early as next Tuesday. Read the takeaways from yesterday on CNN <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/05\/16\/politics\/takeaways-trump-trial-michael-cohen-thursday\/index.html\" style=\"\" rel=\"noopener\">here<\/a>. <\/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=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" 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\">HAPPENING NEXT WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/mpgc.html?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=q2_2024_emea_events_mpgc&amp;utm_content=advert2&amp;utm_term=conferences&amp;gclid=Cj0KCQjw_qexBhCoARIsAFgBlesc2VesT9r8VORd_K-RgkzohOU9Of4VXtk10bx42ptVJMeOi2x_gdgaAjX3EALw_wcB\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/mpgc.html?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=q2_2024_emea_events_mpgc&amp;utm_content=advert2&amp;utm_term=conferences&amp;gclid=Cj0KCQjw_qexBhCoARIsAFgBlesc2VesT9r8VORd_K-RgkzohOU9Of4VXtk10bx42ptVJMeOi2x_gdgaAjX3EALw_wcB\" style=\"\" rel=\"noopener\">Middle East Petroleum and Gas Conference<\/a><\/strong><strong> is set to take place from Monday, 20 <\/strong><strong>May to Wednesday in Dubai<\/strong>. Hosted by the Emirates National Oil Company and organized by the S&amp;P Global Commodity Insights, the theme of the conference is \u201cEvolving Core Energy Markets within a Sustainable Landscape.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The International Exhibition of National Security and Resilience<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.isnrabudhabi.com\/\" style=\"\" rel=\"noopener\">2024 Conference<\/a><\/strong><strong> is <\/strong><strong>happening on 21-22 May 2024 at Adnec Abu Dhabi<\/strong>, coinciding with the International Exhibition of National Security and Resilience, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/de\/article\/b30lt9y-isnr-2024-conference-begin-21st-may-abu-dhabi\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/de\/article\/b30lt9y-isnr-2024-conference-begin-21st-may-abu-dhabi\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The conference is set to gather top CEOs, leaders, and experts from different fields to discuss security challenges and promote strategic partnerships.<\/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>The Dubai Business Forum in Beijing, China is set to take place between 21-22 <\/strong><strong>August<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b30lsve-dubai-chambers-organise-dubai-business-forum-china\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b30lsve-dubai-chambers-organise-dubai-business-forum-china\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Hosted by Dubai Chambers, the event aims to attract foreign direct investments by presenting investment prospects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.tie.org\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.tie.org\/\" style=\"\" rel=\"noopener\">TiE Women MENA Programme 2024<\/a><\/strong><strong> is now accepting applications until June 2024.<\/strong>The program supports women entrepreneurs across the region with mentorship, financial advice, workshops, and pitch coaching. Winners can earn up to USD 50k at the global finals and USD 25k at the finals in Dubai.<\/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:\/\/challenge.dub.ai\/en\/\" style=\"\" rel=\"noopener\">The Global Prompt Engineering Championship<\/a><\/strong><strong>, the world\u2019s biggest AI prompt <\/strong><strong>challenge, <\/strong><strong>will take place next week,<\/strong> from 20-21 May, at the Emirates Towers and the Museum of the Future. The championship's final stage features 30 participants from the fields of art, literature, and coding, selected from thousands worldwide, writes <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b36k4xc-dubai-hosts-world%E2%80%99s-biggest-prompt-engineering\" style=\"\" rel=\"noopener\">Wam<\/a>. They will be competing for a grand prize of AED 1 mn.<\/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>Plus: Alpha Dhabi will hold a shareholder vote on several acquisitions on 10 June<\/p>\n","protected":false},"author":1,"featured_media":92094,"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":[103,19,149,1344,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-alpha-dhabi","tag-economy","tag-ipo-watch","tag-ma","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3213f923-78a0-400c-b307-0644e414020f","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/1246.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: UAE\u2019s IPO in 1Q 2024 raised the most proceeds in the region in 1Q 2024 + snapshot of our e-commerce scene in 2023","related_issue":[92091],"teaser":"Plus: Alpha Dhabi will hold a shareholder vote on several acquisitions on 10 June","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.5536eb6d-e7bb-4c0c-aedd-b8dbc560e9c7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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