By Ramy Sameeh

Abu Dhabi – Mubasher: Around 20% of the regional companies plans to make IPOs in stock markets, Deepak C. Khanna, the chief investment officer (CIO) of International Financial Corporation (IFC) said.

Family businesses constitute 80% of the region's companies that run 90% of the total activities, the CIO stated.

While 20% of SMEs outlined credit plans, loans-based investment spending reached 10%, Deepak added.

IFC offered $4 billion to GCC countries in the past ten years, attempting to have a space in Asian, European, and African countries, Khanna said.

At last, he emphasized that companies applying governance practices have the highest return on investments (ROI) and the capacity to expand, indicating that U.S non-compliance with governance practices triggered the economic crisis in 2007.

Translated by Ahmed El-Sayed Ali