Dubai - Mubasher: The Dubai Financial Market (DFM) on Monday announced the signing of a memorandum of understanding (MoU) with the Sharjah Investment and Development Authority (Shurooq), laying the foundations to further cooperation between both sides.
The agreement aims at providing private and family businesses with DFM’s innovative services and helping them recognise the various benefits of listing on the DFM, according to a bourse statement.
The signed MoU also includes the facilitation of the listing of Sharjah’s private joint companies on the DFM’s Second Market as an alternative to the IPO and main market listing, the DFM added.
“This agreement underlines both sides commitment to jointly work to promote best practices and empower business sectors in the UAE,” said Essa Kazim, DFM’s Chairman.
“DFM is always committed to collaborate with various institutions in order to empower business sectors through promoting best practices of corporate governance, investor relations and transparency, which positively implicates operational efficiency,” Kazim added.
The agreement incorporates sharing knowledge and market intelligence on potential companies eligible to be listed on DFM, in addition to mutual organization of workshops for private and family businesses concerning the IPO regulatory framework, the DFM concluded.
