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Al Mal Capital to arrange 2 IPOs in 2018

Al Mal Capital to arrange 2 IPOs in 2018
Al Mal Capital’s investments could reach AED 2-2.5 billion
Dubai Investments
DIC
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Dubai – Mubasher: Al Mal Capital, a subsidiary of Dubai Investments, is working now on listing one or two companies on the Dubai Financial Market (DFM) by the end of 2018, company CEO Naser Nabulsi said. 

Al Mal Capital’s investments in various activities could reach AED 2-2.5 billion, Al Khaleej newspaper reported, citing Nabulsi as saying. 

Regional and national markets are still suffered from the repercussion of 2008 financial crisis, while the global markets recovered and became better than before, the CEO commented.

However, Nabulsi stressed that he is optimistic about the national economy’s performance, given the improvement in global oil prices.