Marka issue to use DFM’s 'eIPO' platform
Dubai, April 8, 2014
Dubai Financial Market (DFM) today announced that Marka, a public joint stock company under formation, will become the first issuer to utilise the DFM “eIPO” platform, a sophisticated and efficient solution for IPO subscription directly linked with the receiving banks.
The solution was launched by DFM during its participation in Gitex 2013.
Announced at the Annual Investment Forum (AIM) that opened today in Dubai, this subscription structure has been achieved with the support of CAPM Investment a subsidiary of Finance House, the financial advisor and lead manager of Marka’s initial public offering, and National Bank of Abu Dhabi (NBAD), the lead receiving bank, a statement said.
Through the “eIPO” platform, investors can easily subscribe to IPOs by completing the online application as well as paying the subscription amount and receiving excess funds instantly on their iVESTOR Card, the innovative payment solution developed by DFM, which will save time and effort, decrease any risk of mistakes and ensure information accuracy, as well as offer potential investors the opportunity to view the IPO prospectus and summary in addition to the articles of association of the offering company. - TradeArabia News Service