DFM & Dubai Chamber launch ‘IPO Accelerator Program’ to support businesses

By Shilpa Annie Joseph, Official Reporter
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DFM-Dubai Chamber launch new program
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The Dubai Financial Market (DFM) and Dubai Chamber of Commerce, in partnership with 20 regional and global advisors, have launched ‘The IPO Accelerator Program’ to support businesses in the region on their path to growth and IPO, increasing the momentum of the emirate’s capital markets.

The Program is part of the Dubai Economic Agenda D33 projects that aim to strengthen Dubai’s leading position as a global commercial and financial hub.

DFM and Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, are partnering with numerous local and international advisory firms that are a key part of Dubai’s financial and business ecosystem to accelerate the growth of regional private companies and nurture them for the IPO journey.

Mohammed Ali Rashed Lootah
Mohammed Ali Rashed Lootah
CEO & President
Dubai Chambers

“We are delighted to partner with DFM to create an environment where various companies that consider public listing or going public through IPOs can find the capital they need to grow while building visibility and credibility with investors. Following an MoU, we signed with DFM last year, the IPO Accelerator Program is one of the many collaborative initiatives we have planned to support the business community. More importantly, this program aligns with Dubai’s economic ambitions to double the size of the economy by 2033 and consolidate its position among the top three global cities.”

‘The IPO Accelerator Program’ is aimed at family businesses, large private companies, and businesses from sectors that can benefit from Dubai’s capital markets, creating growth opportunities.

According to the statement, “The Program’s partners include Al Tamimi & Co, Arqaam Capital, Bank of America, Barclays, Citi, deNovo Partners, Edelman Smithfield, EFG Hermes, Emirates NBD, EY, Goldman Sachs, Grant Thornton, HSBC Bank Middle East Limited, IBRAHIM .N. PARTNERS, J.P. Morgan, Moelis & Company, Morgan Stanley, PwC Middle East, Rothschild & Co, and White & Case LLP.”

“We are proud to launch The IPO Accelerator Program with Dubai Chamber, which is aligned with our efforts to create a conducive environment for companies to go public and raise capital through Dubai’s capital market. This Program will provide businesses with the necessary education, support, and guidance to explore their IPO opportunity and contribute to the growth of Dubai’s economy,” said Mr. Hamed Ali, CEO of DFM and Nasdaq Dubai.

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