Business | Markets
NetSol becomes first US firm to list on DIFX
NetSol Technologies Inc (NetSol), a worldwide provider of global business services and enterprise application solutions, will become the first US-based company to list on the Dubai International Financial Exchange (DIFX) after announcing on Monday the commencement of trading of its Nasdaq US-listed common shares on the DIFX.
- By Gureni Lukwaro, Staff Reporter
- Published: 23:06 June 16, 2008
Dubai: NetSol Technologies Inc (NetSol), a worldwide provider of global business services and enterprise application solutions, will become the first US-based company to list on the Dubai International Financial Exchange (DIFX) after announcing on Monday the commencement of trading of its Nasdaq US-listed common shares on the DIFX.
NetSol will trade on the DIFX under the symbol "NTWK", complementing the company's current listing on the Nasdaq Capital Market.
"Our dual listing on the DIFX, the first by a US company, represents an important milestone in our corporate history and supports NetSol's strategic mission to further expand our brand visibility and investor base in the UAE and the broader Middle East region," said Najeeb Ghauri, chairman and chief executive of NetSol Technologies.
He said parallel to the dynamic growth we are seeing in the region, NetSol seeks to become a market leader in the region's lease and asset-based financial software market as well as a major provider of Global Business Services to the region.
More from Markets
More from Business
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
