gulfnews : Ranking system designed to pave way for secondary IPO market

The Mohammad Bin Rashid Establishment for Small and Medium Enterprises' latest initiative aims to pave the way for a secondary initial public offering market, Abdul Basit Al Janahi, CEO of Dubai SME, said.

SME 100, a ranking system of Dubai's top performing small and medium businesses, will help the government and other financial entities identify and develop local organisations' potential and prepare them for an IPO.

"In order to have an IPO we need to have good companies that justify the existence of a secondary market."

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