Dubai aims to register Tecom Group on Dubai Stock Exchange| MENAFN.COM

Monday, 24 January 2022 04:27 GMT

Dubai aims to register Tecom Group on Dubai Stock Exchange

(MENAFN) According to Sheikh Maktoum bin Mohammed, the UAE’s Deputy Prime Minister and Minister of Finance statement on Tuesday, Dubai intends to register Tecom, the holder and operator of business communities in the country, on the Dubai Stock Exchange.

Based on the Dubai Media Office, the register is a part of the plan of the Dubai Securities and Exchange Higher Committee to raise the capacity of the UAE’s stock exchange market to Dh3 trillion (USD816.7 billion).

Sheikh Maktoum was chosen by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in 2021 to manage the financial market as well as the local bourse.

Dubai is aiming to enhance its stock exchange and draw more listings as it strivers to benefit from an increasing demand for initial public offerings in the area.


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