DFM gets Kuwait National International in dual listing

15/11/2016 05:29 AST

Dubai Financial Market (DFM) said it welcomed the listing of Kuwait's National International Holding (NIH), as Mamdouh Al Shirbini, Chief Executive Officer of NIH rang the market opening bell in the presence of Essa Kazim, Chairman of DFM and other representatives from both sides.

The company shares commenced trading on Monday under the trading symbol NIH, which appears on DFM screens, trading systems and publications within the Investment and Financial Services sector.

The listing of NIH lifts the total number of equity listings to 61 public joint stock companies, including 13 dually listed companies and further increases the number of Kuwaiti companies listed on DFM to nine companies.

This listing further fortifies the prominent position of DFM as the most preferred listing venue for leading local and regional companies.

"Today's listing reinforces DFM's position as the market of choice for Kuwaiti companies seeking a dual listing, reflects the high level of confidence businesses have in our exchange and the role DFM plays to support the growth story of successful companies," chairman of DFM Eisa Kazim said

"DFM is constantly looking to diversify the range of opportunities offered to its enormous investor base by encouraging and partnering with companies from around the region, active in various sectors to benefit from listing and trading on the region's leading stock exchange. Undoubtedly, regional companies look upon DFM as an attractive exchange with a proven track record of professionalism and world class regulatory and operational infrastructure." Kazim added.

Gulfnews