The Dubai Financial Market (DFM) attracted 10 times the average number of new investors during the first quarter of this year, compared to the five-year period before 2019, a top executive of the regulator said.
Hamed Ali, Chief Executive Officer at DFM said diversifying the investor base is one of the top priorities for DFM.
“Over the past two years, we have exceeded annual records in attracting new investors, and last year 73 percent of them were international investors,” Ali said during a panel discussion held at the 2nd Capital Markets Summit 2024.
Ali also stressed that the increasing weight of Gulf exchanges in the emerging markets index is a testament to the confidence in attracting high-quality liquidity to the market.
He also spoke about the listings that DFM has witnessed, noting that 8 IPOs raised around AED 35 billion in capital, with subscription requests exceeding AED 1 trillion.
“Due to the high demand for IPOs, we are moving towards opening up additional sectors and focusing on the pre-IPO stage.
“We are now looking to expand beyond established companies, focusing on supporting startups in the pre-IPO stage by providing them with a platform to raise capital and access investors,” he said.
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