THESE DAYS, SOLID AND DEFENSIVE ARE GOOD FOR UAE INVESTORS: Come October and investors who signed up for Dubai’s IPO pipeline strategy will start getting their returns. DEWA is on track to deliver on its promise of spreading out Dh3.1 billion among its shareholders. By April/May next, others will have joined in, notably Salik, which has just pressed the launch button on its own IPO. ‘Think defensive, think dividends’ will resonate with investors, on DFM and ADX alike, if all the forecasts of a global economy slipping into recession do actually pan out. Investors are getting a chance to de-risk some of their portfolio by signing up for exposure in companies that deliver solid/spectacular results depending on the ground realities. So, investors take note – solid and defensive are not as dull as they may sound. They will soon find that out in October. (By Manoj Nair, Business Editor)
Antonin Kelian Kallouche/Gulf News