Dubai
Shares of AWTAD, a property investment firm, were listed on the second market of the Dubai Financial Market on Thursday.
The company has a capital of Dh150 million distributed between 1.5 million shares with a nominal value of Dh100 per share.
“The “Second Market” represents significant value for businesses and investors alike as it enables investors to trade on private companies’ shares within a regulated and advanced environment and through the electronic trading system. The listing also enables private companies that play an integral role in the economic activity, to avail various benefits of being a listed company,” Eisa Kazim, Chairman of DFM, said in a statement.
“The second market has a huge potential to expand considering the big number of private joint stock companies in the country of approximately 150 companies and DFM encourages them to be part of its comprehensive platform,” Kazim added.
