Dubai, Abu Dhabi join battle for Gulf Capital’s offering

RIYADH: Gulf Capital, a financial institution based in the UAE, has added Dubai and Abu Dhabi to the list of possible markets for the initial public offerings of one of its assets in 2022, CEO Karim El-Solh told Al-Bayan paper.

The return of IPOs in Dubai and Abu Dhabi financial markets have 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 Al-Bayan.

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, Reuters reported.

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