Page 23 - AAE PR REPORT December 2023

12/29/23, 9:58 AM UAE Financial Markets Reflect Prosperity of National Economy in 2023 ‹ Al Wathan Newspaper
period, after total sales reached 302.7 billion dirhams, compared with 295.8 billion gross sales.
billion dirhams.

Non-Arab foreign investors registered net investments of more than Dh5 billion in the Dubai
financial market over the past 12 months, with purchases of Dh49.5 billion worth of Dubai
stocks, compared to sales of around Dh44.49 billion. , which reflects the level of confidence in
the capital markets. Reflects the desire of international investors to learn about the UAE
economy operating in the country and through its financial markets.

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Preliminary proposals

In the current year, the UAE markets attracted around 8 new IPOs, after the local markets
showed their flexibility in the face of global fluctuations, which contributed to increasing the
depth of the markets, increasing their investment attractiveness and attracting new segment.
Investors, it has established its position as one of the most important financial and business
markets in the world.

“ADNOC Gas”, “Brissite AA Holding PLC”, “Al Ansari Financial Services Group”, a subsidiary of
“G42” Group, ADNOC Logistics and Services PLC, “Dubai Taxi”, and Investcorp Capital Capital
Services, Phoenix Group and PureHealth Group.

According to WAM's monitoring, the new initial offerings raised approximately 22.4 billion
dirhams between registered demand from investors, sovereign funds and global investment
portfolios, with total demand for 6 offerings reaching 1.43 trillion dirhams, reflecting strong
confidence. The economic approach adopted by the country, the United Arab Emirates offers
attractive opportunities and wide investment options for investors to participate in the strong
growth process of the national economy, among its main companies and institutions.

Law and initiatives

During the current year, the local financial markets issued around 37 new or amended laws
aimed at improving the markets, including 6 new laws and 21 amended laws. , distributed
through one allocation to the Abu Dhabi Securities Market and 5 allocations to the Dubai
Financial Market. Two accreditations for Dubai Gold and Commodities Exchange, one
accreditation for Dubai Clearing and one accreditation for Dubai Depository Company.

Among the most important initiatives of the current year is the exemption of companies wishing
to list their green or sustainability-related bonds or sukuk on one of the local markets from
registration fees until the end of 2023, in line with the “Year of Sustainability”. Coordinate with
the Prime Minister's Office to adopt transformation plans, regulate security measures and
regulate green bonds and sukuk, issue a decision to regulate the process of registering bonds
for the purpose of listing.

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capital

These efforts include implementing a plan to follow up on reservations and observations
regarding the financial statements of auditors of local public joint-stock companies, organizing
activities to manage the profit-sharing investment account, and organizing a national campaign
to counter unlicensed funds. Activities, raising the efficiency of risk management, supervision
and corporate governance processes and completing the preparation of two draft laws, the
Capital Markets Commission and the Law to Regulate the Capital Markets Sector.

Big leaps

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