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The sheikh’s empire driving a meteoric stock market rise

Financial Times
8 mins to read

Abu Dhabi’s stock market was long viewed as a minor Gulf exchange, garnering little attention outside the region — a reflection of the relatively small private sector in the oil-rich emirate that has long been dominated by the state.

But in less than four years its market capitalisation has almost quintupled to more than $650 billion (NZ$1.03 trillion), a surge largely driven by the extraordinary rise of one stock — International Holding Company.

Chaired by one of the United Arab

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