Page 203 - SALIK PR REPORT AUGUST 2024

8/21/24, 12:09 PM DFM Seeks To Widen Investor Base With Etoro Partnership
opportunities within the UAE, and by offering our 38 million users access to DFM-listed
stocks, we are enabling them to tap into this burgeoning market,” he added.

According to PwC's Capital Markets Watch report, the Middle East, including the UAE, has

seen a robust increase in IPO activity, driven by economic diversification, regulatory
enhancements, and strategic efforts to position Dubai as a global financial hub. In 2023 alone,

the region saw a significant rise in IPO listings, reflecting strong investor appetite and
confidence in the market.

“The broader accessibility of DFM stocks to international investors could further enhance

market liquidity and visibility, potentially encouraging more companies to consider going
public. This aligns with broader trends observed by PwC, where increased investor

engagement often stimulates further IPO activity as companies seek to capitalise on
favourable market conditions. Given these factors, while it is challenging to predict exact

outcomes, the conditions are favourable for a continued rise in IPOs on the DFM, supported
by the ongoing momentum in the region's capital markets. At eToro, we continue monitoring

the UAE market closely and are always looking forward to adding new companies with strong
fundamentals to offer diverse and robust investment opportunities to our users,” Hughes said.

The integration of DFM stocks into eToro's platform aligns with the platform's broader strategy

of expanding its asset offerings to tailor services to the needs of local users.“Engaging with
local stock markets also gives us the opportunity to collaborate with local experts. In the UAE,

for instance, we collaborated with Dubai-based emerging markets specialist Arqaam Capital
to build the infrastructure to bring DFM stocks to the eToro platform,” Hughes said.

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