Fixed Income

1. Copy of the Securities and Commodities Authority’s bonds listing Approval.
2. Copy of the documents attached with the Listing Application submitted to the Securities and Commodities Authority (other than documents mentioned below).
3. Copy of the company’s Memorandum and Articles of Association attested by competent authorities in the mother country.
4. Copy of the Company’s Certificate of Incorporation.
5. Copy of the Company’s Trade License or equivalent.
6. Copy of the Company’s Trade Register (if applicable).
7. Annual audited financial report for the last two years accompanied by the auditor’s report.
8. List of the authorized signatories on the documents and correspondences addressed to the DFM and sample of their signatures.
9. The Board of Directors resolution authorizing the signatories to sign documents and correspondences addressed to the DFM.
10. List of securities holders who own with their minor children, or any entity owns with its parent, subsidiaries or affiliates, 5% of the company shares including the number of securities owned by each of them.
11. List of names of the directors, and securities owned by them and their first-degree relatives**, whether these securities are issued by the company, its parent, subsidiary, or associated company (if any).
12. List of names of executives, and securities owned by them and their first-degree relatives**, whether these securities are issued by the company, its parent, subsidiary, or associated company (if any).
13. Related party transactions and commitments of the company* with the Chairman, Board of Directors and Managing Staff and their relatives up to first of kin.
14. Details of subsidiaries, affiliated and associated companies* including percentage of ownership and names of founding shareholders.
15. Any other related documents, please attach.

* Equivalent documents and information is required for Government Establishments and Entities.
** First-degree relatives include parents, wife/husband, and children.

1. In addition to the above listing requirements, the issuer may have to satisfy additional requirements and furnish additional documents and information that the SCA or DFM may require.
2. The directors of the issuer will individually and collectively accept full responsibility for the completeness and accuracy of all information submitted to the DFM.
3. The directors of the issuer will individually and collectively accept full responsibility for the completeness and accuracy of all information contained in the prospectus (Information Memorandum).
4. DFM shall not assume any responsibility for the correctness of any of the information, statements or opinions submitted to the DFM.
5. Approval for listing on the DFM is not to be taken as an indication of the merits of the issuer or its business activities or its bonds.
6. The DFM Board of Directors have discretionary authority to exempt an issuer from some of its listing requirements or from submitting certain documents.
7. The DFM may decline a listing application without assigning any reason.

1. Transfer of bonds registry to the Dubai CSD.
2. Co-ordinate with the DFM to choose a trading symbol and an abbreviated name in both Arabic and English.
3. Publish, in two Arabic daily Newspapers ten days prior to listing on the DFM, the company’s annual financial statements and summary of the Board of Directors’ report, which were submitted with the SCA Listing Application. Additionally, the company is required to publish in one English Newspaper if it allows non-nationals to trade in its shares.
4. The issuer must abide by all rules and regulations of the SCA.
5. The issuer must abide by all rules and regulations of the DFM. However, the issuer may notify the DFM if it believes that it may be unable to comply with one or more provisions of the DFM rules and regulations. The DFM has the discretion, on a case-by-case basis upon receipt of such notice, to grant exemptions.
6. The issuer must provide the DFM, and also publish, its audited annual financial statements within 180 days of the end of the financial year. The issuer shall also provide the DFM their half yearly financial statements and make them publicly available within 45 days from the end of the period. Each of the above should be accompanied by a management report on the business activities.
7. The issuer must immediately disclose and report to the DFM any material information including information submitted with the listing application that is likely to affect the price of the securities and decision-making of investors.
8. The issuer must satisfy any additional requirements and regulations and furnish any additional documents and / or information that the SCA or DFM may require.
9. The issuer that fails to abide by the SCA and/or DFM rules and regulations may be suspended or de-listed after due process.

To list bonds for trading in the UAE, the issuer should be licensed by the Securities and Commodities Authority (SCA). It should then choose a securities market in the UAE and apply for listing on it.

1. The issuer must obtain approval for bond trading in the UAE from the Securities and Commodities Authority.
2. The issuer should have a minimum paid up capital of AED 35 million.
3. DFM should be satisfied that the financial position of the issuer is sound.
4. The issuer must issue and offer to interested investors in the UAE, free of charge, before listing a prospectus (Information Memorandum) in Arabic and English. The prospectus should contain such information as is necessary for potential investors to make an informed assessment of the issuer and its securities. The prospectus should cover, at a minimum:
• The issuer’s business activities.
• Its financial position, management strength and future prospects, full details of the bond issue and the rights associated to the bond.
5. Companies incorporated in the UAE must be in compliance with the UAE Commercial Companies Law (1984) as amended.
6. In addition to the above listing requirements, the issuer may have to satisfy additional requirements and furnish additional documents and information that the SCA or DFM may require.
7. The directors of the issuer will individually and collectively accept full responsibility for the completeness and accuracy of all information submitted to the DFM.
8. The directors of the issuer will individually and collectively accept full responsibility for the completeness and accuracy of all information contained in the prospectus (Information Memorandum).
9. DFM shall not assume any responsibility for the correctness of any of the information, statements or opinions submitted to the DFM.
10. Approval for listing at the DFM is not to be taken as an indication of the merits of the issuer or its business activities or its bonds.
11. The DFM Board of Directors have discretionary authority to exempt an issuer from some of its listing requirements or from submitting certain documents.
12. The DFM may decline a listing application without assigning any reason.