Dubai:
Dubai Financial Market (DFM) announced on Tuesday the listing of Bahrain’s Khaleeji Commercial Bank (KHCB) as trading commenced on the bank’s shares.
This listing lifts the total number of listed companies on the bourse to 64. It also lifts the number of dual listings to 14 including four Bahraini companies.
“DFM is constantly endeavouring to diversify the range of investment opportunities offered to its enormous investor base by encouraging and partnering with companies from various sectors across the region to benefit from listing on the region’s leading stock exchange,” Eisa Kazim, the chairman of DFM said in a statement.
“The listing also reinforces DFM’s position as the market of choice for companies seeking dual listing in a clear indication on businesses’ high level of confidence in our exchange due its world-class infrastructure, enormous and diversified investor base and innovative issuer services. These factors further strengthened DFM’s leading position as most favoured listing venue for companies from the UAE and across the region and fortifies Dubai’s position as an international financial hub,” Kazim said.
It is noteworthy that this is the third listing on DFM since the beginning of 2017 after the listing of both Emaar Development and Orient UNB Takaful.
