Three IPOs in the offing as Dubai bourse promotes local listings

Three IPOs in the offing as Dubai bourse promotes local listings

A visitor holds prayer beads while looking at financial information screens at the Dubai Financial Market (DFM) in Dubai, United Arab Emirates. Photographer: Jasper Juinen/Bloomberg

Three companies are preparing initial public offerings on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month drought as it boosts efforts to entice local firms to list domestically rather than abroad.

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