Key amendments were also made to the UAE Companies Law including: IPO, mergers and acquisitions: public offerings from founders of private joint-stock companies (PJSCs) have increased from a cap of 30% to 70%, and will only be subject to a six-month lockup from the date of conversion ...
Summary Though market activity slowed in 2020, theMENA IPO Eye Q4 2020 reportshows reasons for optimism, including the strong start and close of the year, and IPOs in three MENA markets which had been quiet in previous years. A strong IPO pipeline and the KSA’s key role in the region ...