Economic Zones World and NASDAQ Dubai have entered into an agreement paving the way to provide equity financing opportunities for companies based in the free zone. The agreement supports the Dubai Government's strategic objective of promoting a favourable environment for the growth of international and regional companies and providing them convenient access to capital markets to fund their development.
Under the agreement both parties have agreed to identify companies based in Jafza that may benefit from carrying out an initial public offering (IPO) on the Dubai exchange. Jafza will work closely with NASDAQ Dubai to provide companies with information and support and jointly host workshops and training to support listing plans by suitable companies.
The collaboration is expected to boost Jafza's existing investment framework that provides clients with world-class facilities as well as innovative products and services, and now, a variety of options that provide them with access to funds. In addition to raising capital to finance growth, a company in Jafza can enhance and sustain its business standing by meeting the exchange's international listing standards. As part of efforts to create a holistic framework, Jafza also plans to explore new debt financing options and instruments for its clients.
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