The Dubai Financial Market (DFM) has teamed up with Al Maryah Community Bank (Mbank) launch 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).
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 initiative at Mbank 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,” said Mohammed Wassim Khayata, CEO at Mbank.
IPO Upgrade provides flexible investment multiples, allowing participants to increase their subscription amount by up to five times at a nominal fee, in return for a potential higher allocation. The enhancement is designed for seamless access in partnership with DFM, ensuring a hassle-free experience for all eligible investors.
This joint initiative underscores Mbank and DFM’s shared dedication to transforming the UAE’s financial landscape. By integrating advanced technology and fostering strategic partnerships, Mbank and DFM are contributing to a more efficient and accessible marketplace, driving sustainable growth for investors and the broader economy.
