Currently, banking and real estate constitute a big part of the index, which is why the new listings will make for better sectoral diversifications.
In the Middle East, large government companies are considered stable, well managed, and shareholder-friendly.
On DFM or generally in the Middle East, trading volumes are still low by international standards, and even blue-chip stocks suffer from low liquidity.
On the other hand, good liquidity will attract deep-pocketed international investors as it helps reduce transaction costs and permits easy entry and exit of trades.
And finally, it puts to end to rumors of a merger between ADX and DFM.
Volumes on the exchange will get a considerable boost, and revenues are already on the ascendency and forecast to reach Dh270 million in 2021 and up from Dh187 million in 2019.
It is the first firm on DFM to be granted a short-term margin trading license and is also approved as a securities lending and borrowing agent.
The company also plans to buy back almost 10 per cent of its issued shares, which provides some assurance.