The Dubai Financial Market (DFM) and the Dubai Chamber of Commerce, along with 20 regional and global advisors, have announced the launch of ‘The IPO Accelerator Programme’ to boost listings on Dubai’s capital markets. The programme is part of the Dubai Economic Agenda D33 projects and aims to consolidate Dubai’s position as a global business and financial hub while supporting Middle Eastern businesses in their growth and IPO journeys. The programme is open to family businesses, large private companies, and businesses from sectors that can benefit from Dubai’s capital markets. Local and international advisory firms will conduct workshops and offer one-on-one meetings to prepare businesses and create customised routes towards IPO.
The programme’s partners include Bank of America, deNovo Partners, EFG Hermes, and others. The launch of the programme follows a record-breaking year for UAE stock markets, which saw 48 IPOs in the GCC region fetch $23.4bn in 2022. The first workshop is scheduled to take place in May 2023 with the participation of 40 private companies from various sectors.