By Amr Adel
Dubai – Mubasher: Abu Dhabi Securities Exchange (ADX) management is currently in talks with several private firms to list their shares on the secondary market, said Rashed Al Baloushi, CEO of ADX.
Abu Dhabi bourse successfully listed two private shareholding firms – Manazel Real Estate and The National Investor - in the secondary market in December.
Speaking to Mubasher on the sidelines of an IPO Arab summit in Dubai, Baloushi revealed that coordination is underway to list one company at least before the end of 2015.
ADX is continuously holding talks with private and family-owned companies to go public, said the CEO, adding that most of them are awaiting the right time for their IPOs.
Translated by Sayed Abdel Rahman
