Insights
posted on July 11, 2021

List of Stock exchanges in UAE:

✓     Dubai Financial Market (DFM)

✓     Abu Dhabi Securities Exchange (ADX)

✓     NASDAQ Dubai

Dubai Nasdaq Growth Market:

The vast majority of companies operating in the UAE are SMEs and the SME sector provides jobs for a substantial part of the private sector’s workforce. At the same time, SMEs have difficulty accessing funding, giving rise to a commercial funding gap. With the listing regime for SMEs, the DFSA encourages market participants to develop financing solutions to bridge this gap.

Dubai has launched a new market – the Nasdaq Dubai Growth Market– to help young businesses and SMEs raise capital via an IPO.

•       The Growth Market will not be restricted to only companies in the UAE, but will be open to international companies as well.

•       NASDAQ Dubai is governed to international standards by an independent regulator called the Dubai Financial Services Authority (DFSA), which is equivalent to the Securities and Exchange Commission in the U.S.

List of Stock exchanges in UAE:

✓     Dubai Financial Market (DFM)

✓     Abu Dhabi Securities Exchange (ADX)

✓     NASDAQ Dubai

Benefits of Growth Market:

·      Strong investor base

·      Global brand

·      Build market trust

·      Experienced advisors network

·      Transparent process

·      Issuer’s control

·      Flexible listing application

Dubai Nasdaq Growth (SME IPO) – Requirements in brief

  1)    Company Shares

·       Market cap –USD 10 to USD 250 Mn

·       Free float – 25%

  2)    Financials

·       Minimum – 1 year

·       Audited as per IFRS

  3)    Cost

·       Application fees – USD 5,000

·       Annual fees – USD 10,000

  4)    Currency

Flexibility to list shares in USD, AED, or any other currency of choice.

If you are an SME looking to raise funds, Dubai Nasdaq presents an alternative to the current IPO market options. RT ASEAN can help you with managing listing opportunities in Dubai Nasdaq. Write to us today at info@rtasean.com.

 

Contributed By

About the firm Mac and Ross has become a brand name in the field of auditing & business consultancy in the UAE catering to a wide range of clients. We render services as Auditors (both external and internal), VAT Consultants and Business Consultants, Financial and Accounting experts, as well as Advisers and Consultants for project feasibility studies, amongst others.

 

C.A Dheeraj Ranasaria

Managing Partner of Mac and Ross

Chartered Accountants

CA. Chandni Sardhara

Assistant Manager of Mac and Ross

Chartered Accountants

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