Emirates Aluminum is expected to be rolled out in the first half of 2022, according to Mohamed Ali Yassin, Chief Strategy and Client Officer at Al Dhabi Capital Limited.
According to Arabiya Net, he pointed out that the Abu Dhabi market today enjoys high liquidity, and the multipliers of profitability have become high, some of which exceeded 20 times, and therefore the new companies that intend to offer their shares In the market, it may come with profitability multiples between 14 and 18 times so that it is distinct from the companies listed in its sectors.
He explained in his interview with Al-Arabiya that the offering process always depends on the investors who buy the shares, and they must be sure that the valuation is not at the upper limit, and also confident that the stock It won't go down.
He believes that the success of Emirates Aluminum's IPO depends on how the Yahsat company's stock moves in the next phase because investors bought the stock, but its performance after the subscription was not positive.< /p>
Emirates Global Aluminium is considering an IPO in 2022, which could be one of the largest IPOs in the UAE in recent years.
The sources said that Emirates Global Aluminium, which is one of the largest aluminum producers in the world, is studying proposals from banks to put shares in the market.
