Dubai launches Nasdaq Dubai Growth Market to support SMEs

Dubai launches Nasdaq Dubai Growth Market to support SMEs

Dubai - Mubasher: The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has launched a new market under Nasdaq Dubai, the Nasdaq Dubai Growth Market, to help small and medium-sized companies (SMEs) to grow.

The new market will enable young businesses and SMEs to expand by raising their capital through an initial public offering (IPO), according to a press release on Tuesday.

This step is part of the Dubai Future District, a specialised area that focuses on the development of the future economy by connecting Emirates Towers with the Dubai World Trade Centre and the Dubai International Financial Centre (DIFC).

Alongside with companies in the UAE, the Growth Market will also welcome companies from around