The UAE company, Shuaa Capital, intends to offer two subsidiaries of the group to the Dubai Financial Market, early next year.

The investment bank and Shuaa Capital's asset manager is in talks with the Dubai market over the listing of Shuaa's affiliates Stanford Marine Group and NMC Investment, according to Bloomberg.

Talks are underway to hire investment banks as bookrunners, indicating that the total value of assets is about two billion dirhams.

Stanford Marine Group operates a fleet of offshore supply vessels for the oil and gas industry.

NMC Investment is an online trading platform, based in Kuwait, and expanding in South and East Asia. It is a subsidiary of Amwal International Investment Company listed on the Kuwait Stock Exchange and owned by Shuaa Capital.