Dubai’s stock exchange launches platform to tap into private credit
Dubai’s stock exchange is tapping into the fast-growing private credit space with the launch of a new platform.
Dubai Financial Market said that the new venture, called Arena, will make it easier for local firms to obtain private credit. It will also allow venture capital firms to sell the shares of private companies they own on the new platform, according to a statement seen by Bloomberg.
“It enables investors to easily access private investments in the UAE’s most promising companies and brands,” said Dubai Financial Market’s chief executive Hamed Ali in the statement.
The Gulf’s sovereign wealth funds are increasingly tapping into the opportunities presented by the $1.7tn (£1.4tn) private credit market.
And the Abu Dhabi Investment Authority has increased its commitment to a European real estate credit strategy, run by Cheyne Capital.
Earlier this year, Goldman Sachs signed a $1bn partnership with Mubadala to invest in private credit across the Asia Pacific region.
