Sunday 19, October 2008 by Robin Amlôt
Gulf Capital puts initial public offering (IPO) on hold
Gulf Capital, one of the largest and best-capitalized investment companies in the region, has postponed its initial public offering (IPO) until well into 2010. The firm has some Dh1.5 billion in capital but is putting its IPO off for 18 months. The move is significant since the financial services sector has been key to the success of the IPO market in the Gulf over the past two years.
