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130 UAE companies plan IPOs
- United Arab Emirates: Sunday, June 04 - 2006 at 12:51
Up to 130 companies in the UAE are waiting for approval from the financial authorities to launch IPOs, reported Emirates Today. But recent market volatility and heavy losses suffered by some investors has now put the viability of these floatations in question. Nevertheless, despite current concerns, funds raised through IPOs this year are expected to beat the record amounts raised last year.
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Jonathan Sheikh-Miller, Deputy EditorSunday, June 04 - 2006 at 12:51 UAE local time (GMT+4)
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This article was updated on Tue Oct 24 2006.
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