Dubai Financial Market, in partnership with Al Maryah Community Bank (Mbank), launches IPO Upgrade, a new feature designed to enable investors by offering subscription leverage on selected Initial Public Offers (IPOs).
PC: Zawya
This novel service provided by Mbank enables investors to draw benefits of up to five times the amount of investment with subscriptions based on central bank provisions. It enhances the capabilities of investments and manifests Mbank’s position as a leader in the scope of digital banking and financial solutions.
The IPO Upgrade allows an investor to increase the subscribed amount up to five times for a nominal charge, thereby increasing his or her potential chances of getting higher allocation in IPOs. It ensures that such service is offered in the most user-friendly and accessible way through the DFM platform to all eligible participants.
This move demonstrates Mbank’s and DFM’s common vision to contribute to the transformation of UAE financial markets. Through better application of advanced technologies and formation of strategic partnerships, they are striving to make capital markets in the UAE more accessible and efficient and promote sustainable economic growth.
Commitment of Mbank towards Innovation
Mohammed Wassim Khayata, CEO of Mbank, expressed grateful words in the company’s effort and appreciated co-operation with DFM along with support extended by the Central Bank of UAE. He underlined the importance of regulatory frameworks for smoothening investment processes and the development of the UAE’s financial sector.
“This drive at Mbank is undertaken in support of the local markets, more investment to be attracted, greater confidence in the markets, and maintaining the integrity of financial transactions in the UAE’s fast-moving financial sector,” Khayata added.
Supporting UAE Capital Markets
The achievement of the IPO Upgrade is through the collaboration of Mbank and DFM, who remain committed to strengthening the capital markets in the UAE. This would empower investors through the introduction of innovative financial tools that enhance their opportunities.
To that effect, it not only reinforces confidence within the market but serves to play a role in wider economy’s support. IPO Upgrade contributes to stimulating investment activity, nurturing financial growth, and ensuring the increased access to finance becomes more inclusive and available for all audiences.
For the investor eager to be involved in the IPO Upgrade, as a first step, all such information, including details regarding eligibility criteria and subscription requirements, can be accessed through the DFM mobile application or through an official DFM website.
