In joint coordination between the Dubai Financial Market and the Dubai World Trade Center
Dubai is organizing a summit for IPOs on January 23
The Dubai Financial Market and Dubai World Trade Center announced the joint organization of the IPO Summit in the Middle East and North Africa region - Dubai 2023.
Yesterday's statement stated that the new summit in Dubai, which is the only summit in the region that focuses exclusively on public offerings, aims to mobilize the players within the value chain for initial public offerings, and will also contribute to highlighting the strong momentum of the initial public offerings sector in Dubai.
The launch of this series of IPO summits comes at an ideal time for Dubai and the regional investment community in general, in light of the wave of public offerings that embody the most prominent features of the business sector in the region during 2022, and has a favorable ground for continuing this momentum in 2023.
According to the statement, the summit will be held from January 23 to 25, 2023 at the Museum of the Future, bringing together a group of prominent experts in financial markets, to shed light on the latest developments related to public offerings, and the opportunities and challenges associated with becoming a public company.
Helal Al-Marri, Director General of the Department of Economy and Tourism in Dubai, said: “The many improvements to the regulatory framework for the financial markets in Dubai have contributed to the development of an attractive and effective market for various companies, including government groups, private and family companies, to offer their shares through public offerings and be listed on the market, thanks to the availability of Various listing options that meet the requirements of these companies of different sizes, stage of growth, and place of incorporation.
For his part, Chief Executive Officer of the Dubai Financial Market and Nasdaq Dubai, Hamed Ali, said: “This event coincides with the growing momentum in the capital markets in Dubai in terms of new listings and the great interest from investors.
We, in the Dubai Financial Market, are keen to continue focusing on developing a dynamic and advanced regulatory structure for the capital market, in cooperation with the various dealers in the market.
Subscriptions and listings
During the year 2022, the Dubai Financial Market strengthened its role in supporting economic development efforts in Dubai and the UAE, as an effective platform to raise funds through public offerings and listings of five leading companies from the government and private sectors: DEWA, TECOM, SALIC, and Empower. "," and "education."
These companies succeeded in raising more than 31 billion dirhams, and their subscriptions were very popular, as the total amounts subscribed amounted to 672 billion dirhams.
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