The Dubai Financial Market unveiled an incentives programme to encourage new initial public offerings (IPOs) and listings from private sector companies in key economic sectors that contribute to the country's gross domestic product.
The incentives include financial support to the cost of private companies’ IPOs on the DFM’s Main Market and listing on the Second Market, post listing support through participation on its international roadshows regionally and globally and a three-year waiver on listing fees, AGM fees and dividend distribution fees, the DFM said in a statement on Tuesday.
The new incentive programme stems from our commitment at DFM to become a platform that accelerates the growth of the private sector and to mirror Dubai’s success as a world-class base
Hamed Ali, chief executive of DFM and Nasdaq Dubai
“Dubai is home to unparalleled portfolio of regional and international private companies. Attracting new IPOs will provide DFM’s global network of investors from over 208 nationalities with new investment opportunities,” said Hamed Ali, chief executive of DFM and Nasdaq Dubai.
The emirate is looking to boost its stock market and attract more listings as it seeks to tap into a growing appetite for IPOs in the region.
No comments:
Post a Comment