Dubai: The MENA IPO Summit Dubai 2023, organised by the Dubai Financial Market (DFM) and the Dubai World Trade Centre, has discussed several environmental, social, and governance (ESG) practices.
The summit, held at the Museum of the Future, seeks to mobilise the various players in the initial public offering (IPO) value chain by providing a platform for dialogue on prospects within the sector. This is also done by allowing investment companies, family businesses, and emerging companies to explore developments to regulatory frameworks as well as the best practices in Dubai’s financial markets.
Mr. Hamed Ali, CEO of DFM and Executive Director of Nasdaq Dubai, shared that the summit will become a regular annual event due to the growing turnout that exceeded expectations, stressing that its main purpose is to raise corporate awareness about IPOs.
Mr. Ali noted that the summit’s second day covered ESG practices as well as their role in the financial and business markets, in accordance with the developments witnessed by the DFM and the UAE’s financial markets.
Mr. Gregory Hughes, EY MENA Transaction Diligence, IPO and Sell, and Separate Leader within Strategy and Transactions, praised the summit’s hosting at the Museum of the Future as a motivating tool for exploring the opportunities provided by financial markets in collaboration with experts in financial and IPO markets.
According to Mr. Roni Johar, Managing Director and Head of Debt and Equity Capital Markets at Arqaam Capital, the summit coincides with the robust momentum of Dubai’s IPO sector and its promising prospects for 2023, as well as offering an opportunity to discuss the main factors that influence the success of IPOs.
The sessions further focused on creating a dynamic and advanced regulatory structure for capital markets and educating market participants on the best practices.
The summit is supported by various leading international financial companies. The launch of this series of IPO summits comes at an ideal time for Dubai in light of the number of major public offerings that highlight the key features of the region’s business sector in 2022, which is expected to gain further momentum in 2023.