DFM Welcomes Listing Of AWTAD On ’Second Market’ #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit




Home / News / News Archive
News Archive

DFM Welcomes Listing Of AWTAD On ’Second Market’
(21 December 2017)


 Majid Abdullah Alsari, Chairman of AWTAD (PJSC) today rang the market bell to celebrate the listing of company’s shares on the "Second Market" of Dubai Financial Market (DFM), in the presence of Hassan Al Serkal, Chief Operating Officer (COO) and Head of Operations Division of DFM as well as senior representatives from both sides.

Dubai-based AWTAD, is a property investment company with a capital of AED150 million distributed between 1.5 million shares with a nominal value of AED100 per share.

Welcoming the listing, Essa Kazim, Chairman of DFM said, "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."

"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. The listing on the second market provides these companies with numerous benefits including; links with local and international investors, the streamlined access to funds necessary for expansion as well as enhancing its competitiveness through the implementation of best practices of transparency, corporate governance and investor relations, preparing the company for a new era of growth," Kazim added.

Majid Abdullah Alsari said, "We are proud to have AWTAD listed on the Second Market. We give high regard to SCA and DFM and we are confident that this will provide us with a tremendous opportunity to grow our investments, expand our business activities, increase our investor base and contribute to enhancing the concept of transparency and disclosure by applying corporate governance rules to the benefit of all parties."

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

email print

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities


Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance