U.A.E.'s control of IPO's expansion pays off

22nd Sep 2005, 23:35 GMT

Central Bank intervention to moderate the expanding numbers of new IPO listings in Dubai has paid off, according to Sheikha Lubna bint Khaled al-Qasimi, U.A.E.'s economy and planning minister. In her opening speech at MEED's Middle East Capital Markets Conference in Dubai, Sheikha Lubna said: "The intervention was to prevent open credit extension to potential subscribers.