Nasdaq Dubai Growth Market launched to support SMEs
- Date: 27-Oct-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:uae-top-picks
Nasdaq Dubai Growth Market launched to support SMEs
Nasdaq Dubai Growth Market launched to support SMEs
31 minutes ago
The Nasdaq Dubai Growth Market will add further momentum to Dubai and the UAE's established role as the Middle East's hub for business and finance.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market, a new market under the umbrella of Nasdaq Dubai.
The initiative aims to help young businesses and small and medium-sized companies, SMEs, achieve the next phase of their expansion by raising capital through an initial public offering, IPO.
The step falls under the framework of the Dubai Future District initiatives, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, as the largest specialised area in the region for creating