Dubai Financial Market and Dubai Chamber of Commerce launch IPO accelerator programme

Dubai Financial Market and Dubai Chamber of Commerce launch IPO accelerator programme

Initiative aims to support businesses in the region on their path to growth and IPO

In 2022, DFM became one of the most active markets globally for IPOs. - KT file

Published: Thu 30 Mar 2023, 1:34 PM

The Dubai Financial Market (DFM) and Dubai Chamber of Commerce, in partnership with 20 regional and global advisors, on Thursday announced the launch of an IPO accelerator programme to support businesses in the region on their path to growth and IPO, increasing the momentum of the emirate’s capital markets. The programme is part of the Dubai Economic Agenda D33 projects that aim to strengthen Dubai’s leading position as a global commercial and financial hub.

The programme responds to the growing interest from the private sector in Dubai to leverage capital markets, given the opportunities generating from Dubai’s rapidly growing economy as well as companies’ eagerness to tap into capital markets to implement their growth strategies. In 2022, DFM became one of the most active markets globally for IPOs and listings attracting five leading government-related and private companies that successfully raised Dh31 billion.

The programme is aimed at family businesses, large private companies, and businesses from sectors that can benefit from Dubai’s capital markets, creating opportunities for growth.