After the GCC’s 2022 IPO boom, there has been a slowdown in 2023. But GCC countries still saw 46 IPOs with total proceeds worth $10.79 billion, with the UAE raking in $6.07 billion from eight IPOs (the biggest of which was ADNOC Gas), according to Kamco Invest.
[Download full list of UAE IPOs since 2022 – Excel | 2025 UAE IPOs | 2024 UAE IPOs | 2022 UAE IPOs]
A company may need to adjust its DEI policies and practices to meet regulations when preparing for an IPO.
For instance, each new company floating on the Abu Dhabi Securities Exchange (ADX) or Dubai Financial Market (DFM) must meet the 2021 quota for one woman per listed company board, set by the Emirates Securities and Commodities Authority (UAE SCA) in 2021.
The average size of IPOs in the UAE financial markets amounted to about $759 million, Kamco Invest reported – much higher than the average $124 million size of listings in other GCC countries.
[Find out more –NOORA, Aurora50’s network for corporate women |
The Inclusion Summit, where hundreds of DEI change-makers meet in UAE]
A new report shows that 6.7 percent of CEO positions in the UAE are held by women, higher than the global average of five percent.
Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, co-founder of Aurora50, has been appointed by the Atlantic Council Global Energy Center to its Women Leaders in Energy and Climate Fellowship, the first woman from the GCC to do so.
Some of Pathway’s ADNOC participants speak about what the board accelerator has done for them personally and for their careers.