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3/14/24, 12:18 PM Dubai Securities And Exchange Committee's Progress And Initiatives Lauded - OneArabia
Key Listings Drive Market Growth
The meeting also reviewed significant listings on the DFM from 2022 and 2023. Among these were the AED22.3 billion
IPO of Dubai Electricity and Water Authority (DEWA), which represented 18 percent of its issued capital. The TECOM
Group's IPO was another highlight, being oversubscribed by 21 times and raising AED1.7 billion. Other notable listings
included Union Coop, Salik, Emirates Central Cooling Systems Corporation (Empower), Dubai Taxi, Taaleem Holdings,
Al Ansari Financial Services, and the anticipated Parkin IPO.
This comprehensive briefing underscores Dubai's strategic efforts to enhance its financial market infrastructure and
offerings. Through innovative initiatives and regulatory measures, alongside significant market listings, Dubai continues
to solidify its position as a leading global financial hub.
With inputs from WAM
Story first published: Wednesday, March 13, 2024, 19:54 [GST]
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