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- Hamed Ali: “This system encompasses unprecedented incentives provided to corporations planning to IPO in Dubai”
- This system supplies monetary assist to non-public corporations for IPO and listing-related value a 3 years’ waiver on itemizing charges, AGM charges and dividend distribution charges
The Dubai Monetary Market (DFM) right now introduced an incentives program to encourage new Preliminary Public Choices (IPOs) and listings from personal sector corporations representing quite a few quickly rising financial sectors that strongly contribute to the GDP in addition to the new-economy associated corporations.
This system encompasses unprecedented incentives together with monetary assist to the price of personal corporations’ IPOs on DFM’s Foremost Market and itemizing on the Second Market, publish itemizing assist via participation on DFM’s worldwide roadshows regionally and globally along with a 3 years’ waiver on itemizing charges, AGM charges and dividend distribution charges.
The brand new program is consistent with the unwavering efforts to strengthen Dubai’s place as international capital markets hub that included the launch of an AED 2 billion market maker and an AED 1 billion IPOs assist fund to encourage tech corporations to record on Dubai markets.
Unparalleled portfolio of excellent personal corporations in Dubai
Commenting on the brand new incentives program, Hamed Ali, CEO of DFM and Nasdaq Dubai, stated: “Dubai is residence to unparalleled portfolio of regional and worldwide personal corporations. The brand new incentive program stems from our dedication at DFM to change into a platform that accelerates the expansion of the personal sector and to reflect Dubai’s success as a world-class base for main companies regionally and internationally. Furthermore, attracting new IPOs will present DFM’s international community of buyers from over 208 nationalities with new funding alternatives.”
Key sectors
By way of launching the brand new incentives for personal sector corporations trying to go public and record, the DFM seeks to draw corporations belonging to quickly rising sectors which can be considerably contributing to the economic system reminiscent of: Know-how, Transport & Logistics, Healthcare, Pharmaceutical, Manufacturing, and Agri-Tech.</p