Dubai: The UAE started trading in secondary markets on Tuesday, a move that can boost liquidity for private companies.
Sulatn Bin Saeed Al Mansouri, UAE minister of economy rang the bell along with Essa Kasim, chairman of the Dubai Financial Market (DFM) and others, inaugurating the secondary markets at a capital markets conference in Dubai.
“We are starting trading of secondary markets in Dubai and Abu Dhabi with listing of two companies,” Al Mansouri said.
Trades started on Manazel Real Estate and The National Investor, an investment advisory firm.
