Dubai: The ‘Growth Market’ at Abu Dhabi’s ADX is trying to pick up some investor attention for itself, with the digital payments firm MBME listing today (April 17) and Ethmar International Holding to follow on May 1.

ADX’s Growth Market offers private businesses the chance to connect with a wider pool of investors, mostly of the institutional kind. By selling securities, these companies have a chance to diversify how they tap funds beyond banks, divestments to private equity, etc..

“An ADX presence accelerates our access to new capital and also cement our place as a leading digital payments aggregator,” said Abdelhadi Mohamed, Managing Director of Abu Dhabi headquartered MBME. The company’s services include online bill payments and other services, which it now wants to broaden.

MBME has been a beneficiary as more payments - whether on ‘smart’ government services, public utility bills and on activities such as shopping – get done online. MBME has been in operations for 15 years and “we want to deepen our presence in each of the seven emirates,” the MD added. “Being on the Growth Market gives us a chance to source funds from investors who have seen our track record.”

More to follow...