Latest news with #PrasadChari
Hi Dubai
08-05-2025
- Business
- Hi Dubai
UAE Capital Markets Show Resilience Amid Global Volatility: Emirates NBD
UAE capital markets continue to demonstrate strong performance despite global uncertainties, driven by a growing influx of high-net-worth individuals and global asset managers, according to Prasad Chari, Senior Managing Director of Equity Capital Markets at Emirates NBD. Speaking at the Capital Market Summit 2025, Chari highlighted the sector's resilience in navigating challenging economic conditions. Chari emphasized the significant role of local and regional investors, whose long-term investment strategies have strengthened the UAE's ability to absorb new market offerings. This has allowed the capital markets to maintain stability despite rising interest rates and global economic pressures. In his analysis, Chari pointed to the success of several high-profile IPOs, including those of DEWA, TECOM, Dubai Taxi, and Spinneys. These offerings, launched amid global market turbulence, reinforced investor confidence and showcased the strength of the domestic market. While the pace of IPOs in 2025 has been slower compared to the previous year, Chari noted that the market remains active through other operations such as voluntary takeover bids, block trades, and specialized offerings. These activities are enhancing market liquidity and fostering greater investor participation. Looking ahead, Chari expressed optimism for the second half of the year, with expectations for larger capital raises, particularly from upcoming offerings. The UAE capital market's adaptability to global shifts and its sustained growth signal a promising future for investors and businesses alike. News Source: Emirates News Agency
Zawya
08-05-2025
- Business
- Zawya
UAE capital markets show growing resilience amid global volatility, says Emirates NBD executive
DUBAI: The capital markets in the UAE are demonstrating increasing resilience in the face of various global volatilities, according to Prasad Chari, Senior Managing Director, Equity Capital Markets at Emirates NBD. In statements to the Emirates News Agency (WAM) on the sidelines of the Capital Market Summit 2025, Chari said that the growing influx of high-net-worth individuals and global asset managers relocating to the UAE is directly boosting the country's capital markets and their performance. He explained that the long-term investment perspective of local and regional investors has bolstered the capacity of domestic and regional capital markets to absorb new offerings even amidst challenging conditions. Chari reviewed several initial public offerings (IPOs) in recent years, such as DEWA, TECOM, Dubai Taxi, and Spinneys, which took place during periods that witnessed major global events and rising interest rates, yet they proceeded and proved successful. He emphasised that the market has continued its strong performance under various conditions, thanks to the confidence established among investors and institutions. Regarding the pace of IPOs during the current year, Chari pointed out that the UAE market has so far witnessed one listing and the offering of a Real Estate Investment Trust (REIT). However, he noted that the market has been active in terms of other operations such as voluntary takeover bids, block trades, and speciality offerings, all of which contribute to increasing liquidity and enhancing investor participation. The pace of IPOs may not be the same as last year in terms of number, he said, but it will be similar or greater in terms of the volume of capital to be raised, especially with anticipated offerings before and after the summer season.
Al Etihad
07-05-2025
- Business
- Al Etihad
UAE capital markets show growing resilience amid global volatility, says Emirates NBD executive
7 May 2025 22:46 DUBAI (WAM)The capital markets in the UAE are demonstrating increasing resilience in the face of various global volatilities, according to Prasad Chari, Senior Managing Director, Equity Capital Markets at Emirates statements to WAM, given on the sidelines of the Capital Market Summit 2025, Chari said that the growing influx of high-net-worth individuals and global asset managers relocating to the UAE is directly boosting the country's capital markets and their explained that the long-term investment perspective of local and regional investors has bolstered the capacity of domestic and regional capital markets to absorb new offerings even amidst challenging reviewed several initial public offerings (IPOs) in recent years, such as DEWA, TECOM, Dubai Taxi, and Spinneys, which took place during periods that witnessed major global events and rising interest rates, yet they proceeded and proved emphasised that the market has continued its strong performance under various conditions, thanks to the confidence established among investors and the pace of IPOs during the current year, Chari pointed out that the UAE market has so far witnessed one listing and the offering of a Real Estate Investment Trust (REIT). However, he noted that the market has been active in terms of other operations such as voluntary takeover bids, block trades, and speciality offerings, all of which contribute to increasing liquidity and enhancing investor participation. The pace of IPOs may not be the same as last year in terms of number, he said, but it will be similar or greater in terms of the volume of capital to be raised, especially with anticipated offerings before and after the summer season.
