The Inaugural edition of the MENA IPO Summit, which started on January 23, is relieving light on the strong promoting prospects of the IPO sector in Dubai.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Higher Committee for the Development Of Financial Markets and Exchanges in Dubai, announced that, “Previous year, Dubai accounted for 40% of IPO activity in the Gulf region, presenting a value of AED 673 billion( $183.22).
Navigated by the ambitious goals of the Dubai Economic Agenda (D33), Dubai will continue to speed up the momentum of its economic growth and reduce its position as a major international financial center”.
As per the WAM report, Sheikh Maktoum stated that “The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, And Ruler of Dubai, has directed Dubai’s financial markets and emergence as a key global financial junction”.
The Summit is being held until January 25 at the Museum of the Future in Dubai, jointly organized by the Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC).
The Summit has collected industry experts sharing their first-hand knowledge of the IPO process, the opportunities and challenges of becoming a public company, and how to advance ESG agendas.
The Summit also showcases a road map for start-ups and SMEs in Dubai, comprising expertise around its regulatory environment, business culture, and capital opportunities for scaling ventures through to an IPO.
MENA IPO Summit is providing a platform for the industry – shaping discussions, providing family businesses and start-ups, and providing institutional investors with the opportunity to explore the latest regulations, market trends, and best practices in the Dubai capital market and learn about rental regional IPO success stories.
Attendees have an eye opportunity to engage with critical IPO issuers and thought leaders from the investment and capital market industry.
Trade Arabia News Service said the Summit flashes lively discussion between the issuers, regulators, investment experts, and companies undergoing planned preparations for a future listing.
The report mentioned above showcases the Inaugural edition of the MENA IPO Summit, which will begin in Dubai on January 23 and pave the way for the economic growth of Dubai by providing a platform for shaping the route for the different businesses in the capital market of Dubai.