Dubai explores collaborations with stock exchanges including those in Hong Kong and Asia, with eye on future dual listings

Name: China-built clean coal-fired power plant in Dubai completed
Uploaded: 2023-11-12T02:00:29.000Z
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Description: China-built clean coal-fired power plant in Dubai completed

‘Our relationship with other exchanges is something that is important for us,’ says head of Dubai Financial Market

Dubai can serve as a vital hub for accessing liquidity and supporting the growth of Asia-Pacific companies, according to analysts

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As of September 30, DFM hosted 11 companies on its platform through equity dual listings. Photo: AFP

Peggy Sito

Published: 10:00am, 12 Nov 2023Updated: 7:11pm, 12 Nov 2023

Dubai in the United Arab Emirates is pursuing avenues for cross-border collaborations that could include dual listings with stock exchanges in places such as China, Hong Kong and the broader Asia-Pacific region, according to the head of the city’s stock exchange.

This strategy aims to attract foreign and local investors while solidifying Dubai’s position as a leading global financial centre, said Hamed Ali, chief executive of Dubai Financial Market (DFM).

“Our relationship with other exchanges is something that is important for us,” said Ali in an interview with the Post.

“The uniqueness of our relationships with peers from around the world sets us apart, and the biggest testament to this is that we have been successful in attracting dual listings from key jurisdictions.”

As of September 30, DFM hosted 11 companies on its platform through equity dual listings.

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China-built clean coal-fired power plant in Dubai completed

Ali said Dubai has established strong relationships with some important Chinese institutions, facilitating the listing of 21 bonds from Chinese issuers on its platform.