Dubai airline Emirates IPO could be on the cards sometime in the future: chairman

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Wed, 2022-05-11 10:55

RIYADH: An initial public offering of Dubai’s state-owned airline Emirates may happen in the future, the flagship carrier’s chairman, Ahmed Al Maktoum, told CNBC.

“I’m sure that maybe sometime in the future Emirates will be in the market,” Al Maktoum said, without providing a specific time frame.

The chairman noted that the decision to sell shares to the public is up to the government of Dubai.

The potential IPO will be an extension of an ongoing share-sale spree of government-owned entities, including Dubai Electricity and Water Authority, road-toll operator Salik, and Empower.

Al Maktoum was also reported to have announced plans by Emirates to repay 15 billion dirhams ($4.1 billion) in pandemic-related support to the government — its shareholder.

He added that payments will be in the form of dividends to the government during the ongoing fiscal year, according to the National News. 

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Business & Economy

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