• EMAARComposition of the Board of Directors of Emaar Development PJSC (under conversion)
  • EMAARMinutes of the Constitutive General Assembly of Emaar Development PJSC (under conversion)
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01 january 2014
Home > Products > Services Catalogue > Services Details

Listing Bonds and Sukuk

Details
This service allows companies to request listing their Stocks or Bonds at DFM by requesting the fund license from DFM. In turn, DFM will perform auditing on the available requirements in terms of issuing the approval for the company's profile to be listed at DFM. 

The Securities and Commodities Authority (SCA) approval is required for this service.

For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
  • Application fees to list a governmental or non - governmental bond: AED 2,000 per application to be paid to SCA

  • Application fee to list an Islamic Sukuk: AED 2,000 per application to be paid to SCA

  • AED 0.0001 per single issue either its Bond or Sukuk as the minimum payment is AED 5,000 and the maximum payment is AED 50,000

  • New listing fees for both Bonds and Sukuk: AED 5,000


Procedures
  1. The company should complete and submit the request of listing Stocks or Bonds at DFM and fulfill all requirements in terms of enabling the stocks or bonds to be listed at DFM

  2. The Listing and Disclosure Department at DFM will review the company's application form and reply back to the requesting company whether the application is accepted or returned to fulfill the necessary requirements and resubmit the request within a time-frame of 1 week

  3. Once the application has fulfilled all the requirements, the DFM Listing and Disclosure team will transfer the request to the Securities and Commodities Authority to check and approve it within a maximum time-frame of 30 days

  4. The requesting company must pay the required listing fees once the approval is obtained (T+1)

  5. Listing date will be specified (T+1)



Required Documents
  • A copy of the Securities and Commodities Authority (SCA) license for listing
  • Copy of the documents which were attached to the listing request in the Securities and Commodities Authority (different than those requested below)
  • A copy of the Memorandum of Association and Articles of Association and their amendments, certified from the competent authorities in the state which the company bears its nationality
  • A copy of the Certificate of Incorporation*
  • A copy of the business license or a substitute*
  • A copy of the Commercial Register* (if any)
  • The annual financial report for the importing entity for the last 2 years prior to the listing request and its amendments, certified from the competent authorities in the state which the company bears its nationality
  • A list of the authorized persons to sign documents and correspondence addressed to DFM and their signature patterns
  • The Board of Directors resolution authorizing signatories to sign the documents addressed to DFM
  • A list of the shareholders and their minors or any other entity owns jointly with its assets or branches, 5% of the company’s securities
  • A list of BOD members, stating the securities owned by each one of them and by their first-degree relatives**, issued by the mother company or associates or subsidiaries or affiliates (if any)
  • A list of the CEOs names, stating the securities owned by each one of them and by their first-degree relatives**, issued by the mother company or associates or subsidiaries or affiliates (if any)
  • The company’s transactions or commitments towards the chairman or one of the BOD members and the administrative staff and their first degree relatives
  • A list of associates, subsidiaries and affiliates, including the percentage of ownership and the founders names
  • Please enclose any other related documents


    * The governmental entities or departments should also submit similar documents

    **First degree relatives are: Parents, children and wife (or husband)

The Securities and Commodities Authority (SCA) approval is required for this service.


How to Apply?
Through email to (Listing@dfm.ae , Disclosure@dfm.ae) or in person at the DFM Listing and Disclosure Department, World Trade Centre, Dubai