Page 29 - AAE PR REPORT - January 2024

1/31/24, 9:50 AM WAM - Emirates News Agency
strategically for continuous growth, solidifying Dubai’s status

as a global epicenter for financial activities.”

In 2023, DFM solidified its status as a premier market for IPOs,

boasting two highly successful offerings from Dubai Taxi

Company and Al Ansari Financial Services, the first family –

owned company. This achievement propelled DFM to the

forefront of the MENA markets, establishing itself as the

benchmark for index performance. The two offerings raised

AED 1.97 billion in 2023, marking an outstanding achievement.

The overwhelming investor demand led to an oversubscribed

value of AED 163 billion, underscoring the market’s attraction

and resilience.

Beyond listing successes, 2023 witnessed significant

milestones for DFM. The success of the MENA IPO Summit and

launch of the IPO Accelerator Program marked pivotal

moments in DFM’s journey as one of the leading global

exchanges, aligning the entire IPO value chain and providing

invaluable insights into the intricate IPO process.

Responsible financing remained a key focus for DFM this year

as it ventured into sustainable financing initiatives, launching

the Carbon Credit Trading Pilot program at COP28. This

initiative aims to propel issuers toward achieving the 2050

sustainability goals, showcasing DFM’s commitment to driving

positive environmental impact through innovative programs.

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