Dubai Financial Market (DFM) on Tuesday announced an incentives program to encourage new IPOs and listings from private sector companies.
The move targets firms representing numerous rapidly growing economic sectors that strongly contribute to the GDP as well as the new-economy related companies, a statement said.
The program includes financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market and post listing support through participation on DFM’s international roadshows regionally and globally.
The programme also includes a three year waiver on listing fees, AGM fees and dividend distribution fees.
The announcement comes as Dubai seeks to strengthen its position as a global capital markets hub that recently included the launch of a AED2 billion market maker and an AED1 billion IPOs support fund to encourage tech companies to list on Dubai markets.
Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “Dubai is home to unparalleled portfolio of regional and international private companies. The new incentive program 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 for leading businesses regionally and internationally.
“Moreover, attracting new IPOs will provide DFM’s global network of investors from over 208 nationalities with new investment opportunities.”
He said the DFM is keen to attract companies belonging to rapidly growing sectors such as technology, transport & logistics, healthcare, pharmaceutical, manufacturing and agri-tech.
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