UAE a step nearer on secondary listings platform | The National:
"The UAE’s stock exchanges are moving a step closer to setting up a platform for secondary listings targeting as many as 135 private joint stock companies.
The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) this year will launch separate screens for investors to trade shares currently bought and sold over the counter, according to the federal stock market regulator.
“We are targeting not only the local market, but regional and then the wider Middle East,” said Abdullah Al Turaifi, the chief executive at the Securities and Commodities Authority."
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