Emirates NBD launches website to support IPOs on DFM

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The website will help IPOs on DFM.
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  • Emirates NBD’s IPO platform has built-in real time subscription payment capabilities for UAE investors and wire transfer capabilities for non-UAE investors.
  • The seamless, single interface enables completely paperless subscription in five simple steps making the process simpler and paperless.

Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors.

The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, on the listing of 10 government-owned companies on the DFM as part of a broader strategy to expand the financial market’s capitalization to AED3 trillion ($816.8 billion).

Emirates NBD’s IPO platform has built-in real time subscription payment capabilities for UAE investors and wire transfer capabilities for non-UAE investors.

This further enhances existing digital IPO subscription facilities offered through Emirates NBD’s Mobile Banking App, online banking platform and ATMs. The newly launched website will enhance IPO subscription facility for a wider investor base across the UAE and overseas, beyond existing Emirates NBD customers.

Emirates NBD’s investor website will support investors’ journey at every step, from enabling prospects to register their interest for upcoming IPOs to providing information related to the IPO, key highlights about the organization, listing dates and different ways to subscribe and more importantly, the ability to complete their payment journey on the website itself.

The seamless, single interface enables completely paperless subscription in five simple steps making the process simpler and paperless.

To further facilitate investor participation ahead of the upcoming listings on the Dubai bourse, the Group becomes first in the region to provide new investors with a DFM investor number (NIN) and trading account number on a real-time basis through a strategic collaboration between Emirates NBD Securities, the brokerage and securities services arm of Emirates NBD Group and DFM.

Ahmed Al Qassim, Group Head, Corporate and Institutional Banking at Emirates NBD, said, “This is an exciting time for the UAE markets with multiple developments coming together to create a favorable atmosphere for IPOs.”

“We are also delighted to be the first in the UAE to collaborate with DFM to facilitate real-time investor and trading account number creation for UAE investors. This is a key milestone of our ongoing commitment to create a seamless trading experience for UAE investors. Through such initiatives, we remain committed to supporting the UAE’s vision of building strong infrastructure for its capital markets and investors,” he said.

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