MENA IPO Summit discusses ESG awareness

MENA IPO Summit discusses ESG awareness

DUBAI - The second day of the MENA IPO Summit Dubai 2023, organised by the Dubai Financial Market (DFM) and the Dubai World Trade Centre, took place on Tuesday.

The summit, held at the Museum of the Future, aims to mobilise the various players of the initial public offering (IPO) value chain, by providing a platform for dialogue on prospects within the sector while allowing investment companies, family businesses and emerging companies to explore developments to regulatory frameworks and the best practices in Dubai’s financial markets.

Investment experts and companies also discussed environmental, social and governance (ESG) practices.

Hamed Ali, CEO of DFM and Executive Director, Nasdaq Dubai, said the summit will become a regular annual event due to the growing turnout that exceeded expectations, as well as the positive reactions, noting that its main purpose is to raise corporate awareness about IPOs.

Ali stressed that the summit’s second day covered ESG practices and their role in the financial and business markets, in line with the development witnessed by the DFM and the UAE’s financial markets.

The summit’s sessions and workshops also discussed investors’ opinions about the market and ways of attracting local and international investment companies, he added.

Gregory Hughes, EY MENA Transaction Diligence, IPO