SCA gives nod to Ithmaar for DFM listing

Dubai

Ithmaar Holding said on Monday it has received approval from the UAE’s Securities and Commodities Authority (SCA) to list on the Dubai Financial Market (DFM).

Ithmaar, which is licensed and regulated by the Central Bank of Bahrain (CBB), is currently listed on the Bahrain Bourse and Boursa Kuwait.

“The additional listing will open trading on Ithmaar’s shares to new, exciting markets,” Ithmaar Group Chief Executive Officer, Ahmad Abdul Rahim said. “This, in turn, will create new investment opportunities for investors and Ithmaar shareholders in the GCC markets,” he said.