Emirates NBD launches a website to support upcoming IPOs in Dubai Financial
Emirates NBD announced the launch of a comprehensive website to help individual investors participate in the highly anticipated initial public offerings (IPOs) on the Dubai Financial Market.
In a statement, he stated that this initiative coincides with the announcement of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, of the emirate's plans to list 10 government companies on the Dubai Financial Market, within the framework of a more comprehensive strategy to reach the market value of the markets. Money in Dubai to three trillion dirhams.
Payment facilities
The Emirates NBD public offering platform provides investors in the UAE wishing to participate in public offerings the possibility of immediate payment of the subscription amount, while facilitating bank transfers to investors from outside the country.
This enhances the digital facilities provided by the bank to participate in the initial public offerings, through the mobile banking application, the internet banking platform, and the automated teller machine.
The new website will facilitate the subscription process for a wider base of investors across the country and abroad, including existing and potential customers of Emirates NBD.
Single window for subscription
The bank’s website will support the investors’ journey at every step, starting from helping potential dealers register their interest in upcoming public offerings, through providing all information related to the public offering, including the most prominent data related to the issuing company, listing dates, and ways available for subscription, and ending with empowering them From completing payments via the website itself.
The site interface supports the subscription process in five simple steps without the need to use paper transactions.
instant access
The Emirates NBD Group stated that it is the first banking group in the region to provide new investors with immediate access to participate in initial public offerings, trade securities, and provide them with an investor number and an instant trading account on the Dubai Financial Market, through a strategic cooperation between Emirates NBD. Securities, the brokerage and securities arm of the group, and the Dubai Financial Market.
favorable climate
Head of Corporate and Institutional Banking Group at Emirates NBD, Ahmed Al Qassim, said that the UAE financial markets are witnessing many developments that contribute in their entirety to providing a suitable environment for initial public offerings.
He added: “We at Emirates NBD are pleased to take the initiative to expand the investor base, by launching a fully digital platform that supports the journey of individual investors from subscription to payment, as well as being the first institution in the country to cooperate with the Dubai Financial Market to issue an investor number and an instant trading account. for investors in the UAE.
digital transformation
For his part, Chief Executive Officer of the Dubai Financial Market and Nasdaq Dubai, Hamed Ali, said that digital transformation is an integral part of the relentless efforts made by the Dubai Financial Market to give investors seamless access to the market and simplify the experience of joining it.
He added: "The Dubai Financial Market's intensive investment in innovative digital solutions and improvements has enabled market members to play an active role in attracting new investors, in preparation for the expected initial public offerings, and increasing trading activity in the market."
He continued, "These efforts led to an increase in the number of new investors in the Dubai Financial Market by 100% during 2021, and foreign investors constitute 63% of the total number of these new investors."
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