Dubai Financial Market (DFM) on Tuesday announced an incentives program to encourage new Initial Public Offerings (IPOs) and listings from private sector companies representing numerous rapidly growing economic sectors that strongly contribute to the GDP as well as the new-economy related companies.
The sectors include Technology, Transport & Logistics, Healthcare, Pharmaceutical, Manufacturing, and Agri-Tech.
The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and dividend distribution fees.
The new program is in line with the efforts to strengthen Dubai’s position as global capital markets hub that included the launch of an AED 2 billion market maker and an AED 1 billion IPOs support fund to encourage tech companies to list on Dubai markets.
“Dubai is home to unparalleled portfolio of regional and international private companies.“The new incentive program stems from our commitment at DFM to become a platform that accelerates the growth of the private sector and to mirror Dubai’s success as a world-class base for leading businesses regionally and internationally,” Hamed Ali, CEO of DFM and Nasdaq Dubai, said. “Moreover, attracting new IPOs will provide DFM’s global network of investors from over 208 nationalities with new investment opportunities.”