By attracting private sector companies from various economic sectors
Dubai Financial launches a program to stimulate new public offerings
The incentives include financial support for the costs of offering and listing private sector companies in the market.
Photography: Ahmed Ardeti
Hamed Ali: "The program provides unprecedented incentives for companies seeking to go public in Dubai."
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The Dubai Financial Market has announced the launch of an integrated program to stimulate new public offerings and listings, by attracting private sector companies from growing and diversified economic sectors, especially the vital sectors that have the largest contribution to the gross domestic product and sectors of the new economy.
Advantages
A statement issued yesterday clarified that the program includes an unprecedented set of benefits for private sector companies seeking to implement public offerings in the Dubai Financial Market, as the program provides financial support for the costs of public subscription and listing for private sector companies that plan to list, whether in the main market or Listing within the “Second Market”, and it also includes many activities supporting companies in the post-listing stage, for example, opportunities to participate in Dubai Financial Market conferences for regional and international investors.
He added that, in addition, the incentives also include a three-year exemption from the fees for listing new companies, the fees for holding general assemblies and the dividend distribution service.
efforts
The program comes within the framework of the tireless efforts to enhance Dubai's position as a global center for capital markets, which included launching a fund worth up to two billion dirhams as a market maker, and another fund of one billion dirhams to encourage technology companies to list in the Dubai financial markets.
perfect base
Hamed Ali, CEO of the Dubai Financial Market and Nasdaq Dubai, said, "Dubai has an unparalleled presence for regional and international private companies, which reflects its great success in providing an ideal base for the launch and growth of leading business institutions," noting that "the program provides incentives for Unprecedented for companies seeking an initial public offering in Dubai.
He added, "The launch of the new incentives program comes within the framework of the Dubai Financial Market's keenness to enhance its role as an effective platform to accelerate the growth of private sector companies, and attracting new subscriptions to the market will provide more opportunities for its huge base of global investors who belong to more than 208 global investors. different nationalities".
Exemption for three years from the fees for listing new companies, and the fees for holding general assemblies.
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