The Dubai Financial Market (DFM) amended the requirements for listing on the main market as a “category one” firm, with the regulations taking effect immediately, according to a DFM circular (pdf).

What changed? The DFM added a requirement for companies listed on the main market that net shareholders’ equity must not be less than 100% of its paid-up capital, according to the amendments. Companies will also be automatically transferred from the first category to the second if trading on their shares is suspended for six months or more.

Existing requirements for companies to be listed on the main market and not as a “category two” company include:

  • Having a minimum of 100 shareholders, with at least 20% of shares in freefloat;
  • The company’s losses are less than 50% of its paid-up capital;
  • The share capital of the company is fully paid up.
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