Companies only need to have operated for one year, compared to three for Nasdaq Dubai's main market, and can sell a minimum of 25 per cent of their equity, allowing founders to retain control. Legal arrangements The below section is based on the legal opinions obtained by CBL that were issued on 5 August 2020 (Dubai International Financial Centre (DIFC) law). The companies identified in the new offering have a combined market capitalization of over $200 billion. None of the content in the information constitutes a solicitation, offer or recommendation by Nasdaq Dubai to buy or sell any security, or represents the provision by Nasdaq Dubai of investment advice or services regarding the profitability or suitability of the Private Market company. ... Market Cap. Unlike DFM and ADX, NASDAQ Dubai, located in Dubai International Financial Centre (DIFC), is an electronic exchange with no trading floor. The Nasdaq Dubai Growth Market will add further momentum to Dubai and the UAE’s established role as the Middle East’s hub for business and finance and will serve as an ideal incubator for innovative projects, Sheikh Hamdan noted. "SMEs are a key engine of our national economy. On the book closure/Record date, the list of eligible shareholders, that is the Share Book, is provided to the Issuer by the Nasdaq Dubai CSD. The Nasdaq Dubai Growth Market is set to begin trading once the first company lists its shares in early 2021 Dubai is launching a new stock market for small and medium-sized enterprises, the Nasdaq Dubai Growth Market. The other two-thirds was owned by Borse Dubai, the holding company of NASDAQ Dubai and Dubai Financial Market (DFM). 09 January 2019 17:34 GMT+2 / Aziz Abdel-Qader Nasdaq Dubai to … Nasdaq Dubai News including daily updated Middle East Nasdaq Dubai News, Gulf Investment & Financial headlines, Latest Banking News, Top Financial News, Online Banking & UAE Financial Services News Find also International & World Banking & Finance Industry News The initiative aims to help young businesses and small and medium-sized companies, SMEs, achieve the next phase of their expansion by raising capital through an initial … The information herein is provided by the Private Market company to Nasdaq Dubai. In 2008, NASDAQ OMX acquired a one-third stake in the DIFX and it rebranded to NASDAQ Dubai. The Nasdaq Dubai Growth Market will allow SMEs to list if they are valued below $250 million, with a … Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market, a new market under the umbrella of Nasdaq Dubai. Nasdaq Dubai provides an opportunity to expand your business and product offerings into a wider market. Dispatched by Sheik Hamdan canister Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, the Nasdaq Dubai Growth Market permits SMEs to list their organizations in the event that they are esteemed underneath $250m. "SMEs are a key engine of our national economy. Stock analysis for Orascom Construction PLC (OC:Nasdaq Dubai) including stock price, stock chart, company news, key statistics, fundamentals and company profile. About NASDAQ Dubai. The Nasdaq Stock Market, / ˈ n æ z ˌ d æ k / also known as Nasdaq or NASDAQ, is an American stock exchange based in New York City.It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The Nasdaq Dubai Growth Market, will enable fast-growing companies to achieve a streamlined and cost-effective listing on the region’s international exchange. The market has expanded by adding UAE equity index futures as well as Saudi single stock and Saudi equity index futures. Disclaimer. Nasdaq Dubai experienced record sukuk and bond listings worth USD 18.4 billion during the year. NASDAQ Dubai is the international financial exchange in the Middle East. DUBAI: Nasdaq Dubai has welcomed the listing of a $500 million sukuk and a $500 million conventional bond issued by global trade enabler DP World. 107.500M. The announcements and disclosure will be made public via the Nasdaq Dubai CAP platform and through the Nasdaq Dubai website. Nasdaq Dubai’s equity futures market has attracted substantial trading since its launch with UAE single stock contracts. In return, NASDAQ OMX will receive a 1 percent ownership interest in DFM, a publicly traded company controlled by Borse Dubai. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to … The information herein is provided by the Private Market company to Nasdaq Dubai. Securities transfer into account provided by buyer, cash credited into Nasdaq Dubai account. Their market cap cannot exceed $500 million for three months in a row in order to still be considered an SME and be listed in the Growth Market. 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