Depa to convert listing currency to dirhams on Nasdaq Dubai

Dubai

Depa Limited, the global interior solutions group, it has notified the Nasdaq Dubai of its intention to convert its listing currency on the Nasdaq Dubai trading platform from US Dollar to UAE Dirhams.

The redenomination of Depa’s listing currency from US Dollars to UAE Dirhams is expected to increase the attractiveness of its shares to regional institutional and retail investor bases, which in turn should lead to increased investor interest, improved liquidity and more efficient pricing.

The conversion is expected to take place before 31 March 2018, the company said in a statement.