Dubai’s Parkin IPO surges amid Gulf privatization push
Nearly 30 IPOs are expected in the Gulf this year, with supermarket chains Lulu and Spinneys among those preparing to go public
A trader walks by beneath a stock display board at the Dubai Stock Exchange. (Photo: Getty Images)
As of this morning, Dubai has IPO’d six out of the 10 government entities it plans to take private as the emirate looks to boost trading volumes on its stock exchange and join the capital markets action picking up...