Middle East 5

Second US company plans Dubai listing

Global Food Holdings plans to list on the Dubai International Financial Exchange (DIFX). The company would be the second US firm and second food company to list on the bourse.

Global Food is staging a private placement before its initial public offering (IPO) and is targeting regional investors. It is raising capital to fund the acquisition of other food companies.

The US's NanoDynamics plans to list primary shares on the DIFX by the end of January. India's Rana Sugars listed global depository receipts on the exchange in May 2006. Source

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