Business | Markets
Takaful House lists on Dubai Financial Market
The Dubai Financial Market (DFM) announced on Monday the listing of Takaful House company, a provider of Takaful insurance based in the UAE.
- Staff Report
- Published: 13:01 August 4, 2008
Dubai: The Dubai Financial Market (DFM) announced on Monday the listing of Takaful House company, a provider of Takaful insurance based in the UAE.
The company's shares began trading today under the trading symbol “DARTAKAFUL,'' which will appear on DFM screens, trading systems and publications.
The listing of ordinary shares of Takaful House company was finalised and approved by DFM in collaboration with the Emirates Securities and Commodities Authority.
The company's authorised and paid-up capital is pegged at Dh100 million. The company has also issued 100 million shares, with each share valued at a par value of Dh1.
Through an initial public offering launched in July, the company offered 55 million shares for public acquisition, representing 55 per cent of the total capital for a nominal value of Dh1 per share. Non-GCC nationals can trade up to 25 per cent of the company shares.
Today's listing ceremony was attended by Takaful House company chairman Mohammad Musabah Al Neaimi and DFM board member Nasser Al Shaali, along with senior members of DFM and other company officials.
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
