“Economical progress” in Arab: Abu Dhabi IPO Fund targets the health and technology sectors

Sameh Al Qubaisi, Director General of Economic Affairs at the Abu Dhabi Department of Economic Development, said the Abu Dhabi IPO Fund plays a vital role in guiding companies and increasing the number of offers within the economic system of Abu Dhabi.

He added in an interview with “Al Arabiya” today, Tuesday, that the role of the fund is to invest in companies inside or outside the country, provided they are listed or offered in underwriting in the Abu Dhabi market, and play guiding roles and guiding the investor on how to initiate the offer and the transformation phase of the company.

Sameh Al Qubaisi explained that the fund acts as a parallel entity for the interest of the market and the development of the country’s economy and its priority is the sectors that are concentrated within the country and target the health sectors. and technology.

The director general of economic affairs at the Abu Dhabi Department of Economic Development said the fund helps family businesses inside and outside the country who wish to offer in the Abu Dhabi market.

He added that when there is a large subscription demand, the fund’s role ends and when it sells, it is done in deliberate way, or holds the shares for a period.

The Abu Dhabi Department of Economic Development revealed that more than 11 companies are preparing to list their shares and that questyear there will be 3 quotations.

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