DFM launches incentives for private businesses’ IPOs

Dubai / Emirates Business

The Dubai Financial Market (DFM) on Tuesday announced an incentives program to encourage new IPOs and listings from private sector companies representing numerous rapidly growing economic sectors that strongly contribute to GDP as well as the new-economy related firms.
The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s main market and listing on the second market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and dividend distribution fees.
The new program is in line with the unwavering efforts to strengthen Dubai’s position as global capital markets hub that included the launch of an AED 2 billion market maker and an AED 1 billion IPOs support fund to encourage tech companies to list on Dubai markets.
Commenting on new incentives program, Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “Dubai is home to unparalleled portfolio of regional and international private firms. The new incentive program stems from our commitment at DFM to become a platform that accelerates 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.”
Through launching the new incentives for private sector companies looking to go public and list, the DFM seeks to attract companies belonging to rapidly growing sectors that are substantially contributing to the economy such as: Technology, Transport & Logistics, Healthcare, Pharmaceutical, Manufacturing, and Agri-Tech.