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Dubai Demands Joint Stock Firms List on Local Exchanges

Public joint stock companies established in Dubai, including those set up in special economic zones or free zones like the Dubai International Financial Centre, must list their stocks on local exchanges, the city’s media office said, citing a royal decree.

Private companies can go public in local markets, like the Dubai Financial Market PJSC and Nasdaq Dubai, after ensuring compliance with listing requirements and regulations, the office said on Saturday, citing a decision by the emirate’s ruler, Sheikh Mohammed Bin Rashid. Companies listed in local markets may have secondary listings in other markets.