Dubai Financial Market Company to list on March 7, 2007
Dubai Financial Market (DFM) has announced that the listing of Dubai Financial Market Company will take place on Wednesday March 7, 2007. It will be the 50 th company to list its shares on the market and the trading will commence on Wednesday March 7, 2007. The listing of ordinary shares of DFM company has been finalized and approved by Emirates Securities & Commodities Authorities.
Essa Kazim, Chairman, DFMC, said, “We are pleased to announce the listing of the first stock market in the region and the first Islamic stock market in the world. The listing announcement comes close on the heels of ESCA’s approval, which is the last leg of the landmark IPO. Investors will now have the opportunity to add DFM shares to their existing portfolios and have a diversified basket of investments. The company will be listed under Investment & Financial Services sector”.
DFM reported its 2006 profits, operating income and assets. Net profit stood at Dh797.5 million, operating income at Dh789 million and assets at Dh2.35 billion. The company is paid up capital is Dh8 billion consisting as many shares and the company recently offered 20% or 1.6 billion shares to the public. The market also witnessed a record number of international new issues, with 13 overseas companies joining the DFM. DFM’s trading volume during 2006 touched 39.6 billion shares and volume of daily traded shares stood at 141.1 million shares. Source
Essa Kazim, Chairman, DFMC, said, “We are pleased to announce the listing of the first stock market in the region and the first Islamic stock market in the world. The listing announcement comes close on the heels of ESCA’s approval, which is the last leg of the landmark IPO. Investors will now have the opportunity to add DFM shares to their existing portfolios and have a diversified basket of investments. The company will be listed under Investment & Financial Services sector”.
DFM reported its 2006 profits, operating income and assets. Net profit stood at Dh797.5 million, operating income at Dh789 million and assets at Dh2.35 billion. The company is paid up capital is Dh8 billion consisting as many shares and the company recently offered 20% or 1.6 billion shares to the public. The market also witnessed a record number of international new issues, with 13 overseas companies joining the DFM. DFM’s trading volume during 2006 touched 39.6 billion shares and volume of daily traded shares stood at 141.1 million shares. Source
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