Dubai’s financial markets are at their best in terms of performance, growth and transparency

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said through his official account on the social networking site “X”, previously “Twitter”, that today I chaired the meeting of the Supreme Committee for the Development of Capital Markets and Stock Exchanges in Dubai and was informed During which he highlighted the committee’s most notable achievements in 2024, in addition to its strategic priorities and future projects, as the market maintained its sustainable growth path and the general index rose by 19%, topping all markets in the region for the second year in a row, and ranking sixth globally in the performance of the general index, and the growth rate of its market value exceeded 100% from 394 billion dirhams in 2022 to 801 billion dirhams until the beginning of December 2024, attracting during the current year 132,000. New investors, 85% of whom are from outside the country.

His Highness added, “Nasdaq Dubai also achieved first place globally in listing sukuks, and first place regionally in listing debt instruments at the region level, with a total of 51 listings of sukuks and bonds in 2024, with a total value of listed sukuks amounting to 360 billion dirhams.”
The Dubai Financial Market witnessed 3 prominent initial public offerings during the current year, each of “Parkin”, “Spinneys”, and “Talabat”, which recorded the largest initial public offering for the private sector in the country, which consolidates the attractiveness of Dubai as the most prominent global destinations for public offerings. The subscriptions reached… Since the establishment of the committee, there have been 10 IPOs in Dubai, with total proceeds exceeding 43 billion dirhams, and a huge level of demand exceeding 1.2 trillion. “Dirham.”

His Highness concluded by saying, “Dubai’s financial markets are at their best in terms of performance, growth, and transparency, consolidating Dubai World’s position as a major destination for investments and a global center for financial services, and with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, represented by the goals of the Dubai Economic Agenda D33, there are no limits to what we can accomplish.” May Dubai always remain at the forefront.”