Dubai Financial Market (DFM) today announced it has signed a Memorandum of Understanding (MoU) with the Government of Dubai’s Department of Finance (DoF) and Dubai Islamic Bank (DIB). According to this agreement, DIB became the first bank to enable investors who participate in IPOs and Rights Issues implemented through DFM’s “eIPO” platform, to subscribe by directly debiting their accounts as well as receiving the excess amounts.
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