Trading volumes at the Abu Dhabi Securities Exchange (ADX) fell by over a quarter in the first half of 2020 as the coronavirus pandemic hit activity. However, a listing from national energy company Taqa and several initiatives to encourage new listings could revive a lacklustre equity market.
Indeed, with lower income from oil sales and a weaker global economy, many Gulf governments are expected to raise funds by privatizing or consolidating some of their high-quality assets, much as Saudi Arabia did with Saudi Aramco last year.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
