UAE IPOs and credit markets primed for growth once war ends, Morgan Stanley executive says
The UAE is expected to see a rebound in initial public offerings once the US-Iran conflict ends, and the country’s credit market is also set to boom, according to a senior Morgan Stanley executive. While there have been no listings in the UAE so far this year, the investment bank is bullish about the capital market prospects despite the uncertainty caused by the war. UAE companies raised a total…
A senior Morgan Stanley executive has expressed optimism about the growth of initial public offerings (IPOs) and credit markets in the UAE once the US-Iran conflict ends. Despite no IPOs taking place in the country so far in 2025, Morgan Stanley remains confident in the capital market potential, attributing this to the region's financial infrastructure and leadership.
Dan Simkowitz, co-president of Morgan Stanley, noted that long-term, the UAE's IPO marketplace should rebound once the war stabilizes. The investment bank has been impressed with the UAE's financial infrastructure and remains committed to growing its presence in the region. The bank currently employs over 100 people in the UAE and plans to expand its operations further.
Simkowitz also highlighted the positive outlook for credit markets in the UAE and the wider Gulf region. Global trends are supportive, with asset managers and investors, including sovereign wealth funds and pension funds, playing a key role in the credit market. The credit market is seen as crucial for satisfying growth, diversification, and resiliency ambitions, as equity markets alone cannot meet these objectives.
Morgan Stanley's positive outlook is based on the region's strong capital strength, ability to rebuild or redirect energy infrastructure, and the ongoing shift towards bond markets. The bank's pipeline of deals in the region remains active, with some elements paused due to reunderwriting considerations. Even in mature markets like the US, the credit market is evolving, emphasizing the importance of the bond market in driving productivity and economic growth.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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