Dubai - Mubasher: The Dubai Financial Market (DFM) has launched an incentive programme to encourage new Initial Public Offerings (IPOs) and listings from private sector and new-economy related companies.
The DFM seeks to target companies across rapidly growing economic sectors, including technology, transport and logistics, healthcare, and agri-tech, which strongly contribute to the GDP, according to a recent press release.
The incentives programme will include financial support to the cost of private companies’ IPOs on the DFM's Main Market and listing on the Second Market.
The market will also provide post-listing support, a three-year waiver on listing fees, AGM fees, and dividend distribution fees.
The CEO of DFM and Nasdaq Dubai, Hamed Ali, said: "The new incentive programme 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."
Ali added: "Attracting new IPOs will provide DFM’s global network of investors from over 208 nationalities with new investment opportunities."
