Nasdaq Dubai on Tuesday unveiled a raft of new rules for initial public offerings and reporting requirements for listed firms as the bourse seeks to boost liquidity and attract traders.
Under the proposed rules, new IPOs will need a minimum of 400 individual shareholders or to reserve at least 10 percent of the offer for retail investors, the company said.
Listed firms – which include state-backed ports operator DP World and contractor Depa – will also have to report results quarterly, rather than the current half-yearly updates.
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