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Article: UAE leads growth in Gulf energy IPOs.
- Article from:
- International Petroleum Finance
- Article date:
- September 1, 2005
CopyrightCOPYRIGHT 2005 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The current oil boom being experienced in the Arabian Gulf has brought with it phenomenal growth in the region's capital markets, led by the UAE and Saudi Arabia, which enjoyed 88% and 50% growth in their benchmark indices, respectively, in 2004. But even more striking has been the participation of the energy sector--traditionally the domain of national oil companies--in recent public flotations, giving the general population an opportunity to invest in the region's petroleum industry.
With a number of initial public offerings (IPOs) already completed and several more expected shortly, the UAE has been the most fertile ground for energy-related listings. The most ...