DFM to focus on attracting private sector entities, says CEO

DFM to focus on attracting private sector entities, says CEO

The emirate’s bourses attracted six listings in terms of equity and 31 fixed-income entities last year

In 2021, Dubai announced to list 10 public entities on the local bourse to boost market capitalisation to Dh3 trillion.

Published: Tue 24 Jan 2023, 2:41 PM

The Dubai Financial Market (DFM) will focus on attracting more private sector entities to list on the local bourse as the government has already announced to list 10 entities.

“Focus of the DFM is to maintain its attention on the private sector because the government pipeline will continue to come into the market. It is important for us to maintain our relationship to help companies benefit from IPOs,” said Hamed Ali, chief executive officer of Dubai Financial Market and Nasdaq Dubai.

While speaking on the second day of the inaugural edition of the Mena IPO Summit in Dubai, he said to help companies grow their topline as part of the Dubai Economic Agenda 'D33', the market needs to play a role in light of that where the economic substance of these companies through DFM and Nasdaq Dubai ends up growing on the market.

Hamed Ali, chief executive officer of Dubai Financial Market and Nasdaq Dubai, said the emirate has done phenomenally well in