Other initial listing requirements
[Last updated: 1 January 2024, unless otherwise noted]
Share price. Nasdaq Dubai allows a book building process for IPOs and thus issuer can price their IPO share price.
Distribution. To list its existing securities or to transfer its listing to Nasdaq Dubai, a company must satisfy the following requirements:
- At least 250 shareholders, each holding at least US$2,000 of shares.
- At least 25% of shares held by the public.
Shares must be duly authorized, validly issued, fully paid, freely transferable and free from any liens or restrictions on transfer.
Accounting standards. Audited financial statements must be prepared in compliance with IFRS (as issued by IAASB).
Financial statements. Generally, three years of audited financial statements are required.
Operating history. An operating history of three years is generally required.
Management continuity. Nasdaq Dubai does not require any specific period of continuity of management.
