Post by: Raman Preet
Photo : Dubai Government Media Office
Dubai Financial Market (DFM) has teamed up with Al Maryah Community Bank (Mbank) to offer a new service called IPO Upgrade. This service is part of the process of signing up for IPOs and is designed to give investors more power when buying shares in Initial Public Offerings (IPOs).
The IPO Upgrade allows investors to borrow up to five times the amount they invest, with support from Mbank. This borrowing, called leverage, follows rules set by the Central Bank of the UAE. With this service, investors can increase their chances of getting more shares in an IPO by paying a small fee.
Mbank’s involvement in this new service shows how the bank is helping people access better financial services. Mbank’s work in this area shows its role in improving the financial system and helping the UAE’s market grow.
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Mohammed Wassim Khayata, the CEO of Mbank, said, “We thank DFM for trusting us and letting us offer these services. We could not have done this without the Central Bank of the UAE, which has made the rules that help the UAE’s financial market grow and stay strong.”
He also talked about how this service will help the UAE's economy. “This new service will bring in more investors, increase confidence in the market, and help keep the financial system safe and fair,” he added.
The IPO Upgrade allows investors to increase the amount they want to invest, up to five times, and all this can be done easily through DFM’s platform. Investors can learn more about how to join and the requirements by visiting DFM’s app or website.
By working together, DFM and Mbank are making investing easier for everyone, helping to grow the UAE's economy and make it stronger.
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