Page 82 - SALIK PR REPORT - MARCH 2024

account opening platform.

In addition, DFM focused on sustainable financing initiatives, launching the
Carbon Credit Trading Pilot programme at COP28, as well as intensifying
efforts to foster the growth of green bonds and sukuk issuance, valued at
Dh27 billion in 2023.

In addition, the Dubai Securities and Exchange Higher Committee
established the Financial Markets Law Enforcement Committee in Dubai.
This committee is responsible for formulating processes to monitor financial
markets, facilitate business, detect violations and enforce laws, and issue
local financial market legislations and incentives to listed companies in
DFM, among other responsibilities.

Key listings drive growth of Dubai capital markets

H.H. Sheikh Maktoum reviewed the outcomes of the Dubai Financial
Market's listings from 2022 and 2023. Key listings during this period
included the Dh22.3 billion IPO of Dubai Electricity and Water Authority
(DEWA), constituting 18 percent of its issued capital. Additionally, TECOM
Group's IPO, oversubscribed by 21 times, raised Dh1.7 billion. The meeting
also discussed other notable listings including Union Coop, Salik, Emirates
Central Cooling Systems Corporation (Empower), Dubai Taxi, Taaleem
Holdings, Al Ansari Financial Services, and the upcoming Parkin IPO.

https://en.aletihad.ae/news/uae/4470573/maktoum-bin-mohammed-commends-progress--
initiatives-of-dubai