Dubai: Dubai Financial Market (DFM) in partnership with Al Maryah Community Bank (Mbank), has launched IPO Upgrade as part of DFM IPO subscription process, a new feature designed to empower investors by providing subscription leverage for selected Initial Public Offerings (IPOs).
According to Emirates News Agency, Mbank provides the IPO Upgrade service by offering investors up to five times leverage based on provisions issued by the Central Bank of the UAE. This innovative service allows investors to increase their subscription amount by up to five times at a nominal fee, enhancing the potential for a higher allocation. The enhancement is designed to ensure seamless access and a hassle-free experience for all eligible investors, in collaboration with DFM.
The joint initiative between Mbank and DFM emphasizes their commitment to transforming the UAE’s financial landscape. Through the integration of advanced technology and strategic partnerships, both entities aim to contribute to a more efficient and accessi
ble marketplace, thus driving sustainable growth for investors and the broader economy.
Mohammed Wassim Khayata, CEO at Mbank, expressed gratitude to DFM for its trust in Mbank and highlighted the support of the Central Bank of the UAE in establishing the legal and regulatory frameworks necessary to develop the investment process in the UAE. He emphasized that the initiative aims to support local markets, attract more investment, increase market confidence, and maintain the integrity of financial transactions within the UAE’s dynamic financial sector.
