UAE’s DFM, Mbank to launch IPO upgrade

By Aya Anwar On Nov 19, 2024

Dubai Financial Market (DFM) has teamed up with Al Maryah Community Bank (Mbank) to launch the IPO Upgrade programme, offering investors leverage on selected Initial Public Offerings (IPOs).

The service, provided by Mbank, enables investors to increase their subscription amount by up to five times, backed by provisions from the Central Bank of the UAE.

The initiative aims to enhance financial accessibility and empowerment in the UAE’s capital markets. Through the partnership, investors can gain higher allocation opportunities with a nominal fee, streamlining the subscription process via the DFM platform.

Attribution: The UAE Government portal

Subediting: M. S. Salama

Al Maryah Community Bank (Mbank)Central Bank of the UAE DFM platform Dubai Financial Market (DFM)IPO Upgrade programme Mbank