Dubai’s financial centre is working on a plan to launch a second-tier market to offer smaller companies the opportunity to tap growth capital.
The idea, akin to London Stock Exchange’s Alternative Investment Market, would ease the bar of entry for the region’s small- and medium-sized companies, said Nasser Saidi, head of external affairs at the Dubai International Financial Centre Authority.
Mr Saidi, who is also DIFC’s chief economist, said the plan was in early stages of development with the DIFC now contacting relevant regulators and market practitioners about ideas for the exchange.
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