Parkin’s IPO Named Best Privatisation in EMEA at 2025 EMEA Finance Achievement Awards
Parkin Company PJSC, Dubai’s largest provider of paid public parking facilities, has been awarded Best Privatisation in EMEA at the 2025 EMEA Finance Achievement Awards held in London. The award recognises the company’s landmark transformation from a government department into a profitable, high-performing listed infrastructure firm.
The accolade follows Parkin’s highly successful initial public offering in March 2024, which drew unprecedented investor interest, positioning it as a standout case of privatisation in the Europe, Middle East and Africa (EMEA) region. The IPO attracted AED 259 billion (US$71 billion) in demand, resulting in an oversubscription level of 165 times on the Dubai Financial Market.
Setting a Regional Benchmark
Parkin’s transformation story was hailed as a model for privatisation, demonstrating the strength of Dubai’s strategy in building future-ready, investable infrastructure platforms. The company’s IPO was not only one of the most oversubscribed in the region but also earned the Best MENA IPO award from Euromoney earlier this year.
The recognition by EMEA Finance reflects Dubai’s continued leadership in capital market innovation, and Parkin’s role in elevating the emirate’s global standing as a hub for smart, sustainable urban mobility.
Leadership Perspective
Eng. Mohamed Abdulla Al Ali, CEO of Parkin, expressed pride in the achievement:
“Winning Best Privatisation in EMEA is a proud moment for both Parkin and Dubai. Our IPO was designed to set new benchmarks in structure, transparency, and investor confidence. The results speak for themselves—record-breaking demand, strong post-listing performance, and a business model that continues to generate value. This recognition underscores not just our success, but also Dubai’s vision in enabling world-class infrastructure through strategic privatisation.”
Since listing, Parkin has continued to scale its operations, leveraging a capex-light and cash-generative business model to fuel growth and innovation in the transportation and mobility sector.
