Tuesday 11 March 2014

Companies law in UAE offers promising year for IPOs | The National

Companies law in UAE offers promising year for IPOs | The National:



"More businesses will list on financial markets once new rules come into force reducing the size of the stake that companies are obliged to offer, says the chairman of the Dubai Financial Market (DFM).



“This year could be a really good year for IPOs,” Essa Kazim said at a conference in Dubai yesterday. “The new companies law will be a milestone for the IPO market and that should be approved very soon.”



Mr Kazim, who is also governor of the Dubai International Financial Centre Authority, said that the existing legislation had dissuaded some companies from listing."



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