UAE Business: DFM announces incentives for private sector IPOs – Gulf Digital News

UAE Business: DFM announces incentives for private sector IPOs – Gulf Digital News

Dubai Financial Market (DFM) has announced an incentives programme to encourage new initial public offerings (IPOs) and listings from private sector companies representing numerous rapidly growing economic sectors.



The programme 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, reported state news agency WAM.



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 AED2 billion ($544 million) 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