Tue 19-12-2017 22:03 PM
DUBAI, 19th December, 2017 (WAM) — Dubai Financial Market, DFM, on Tuesday announced the listing of Bahrain’s Khaleeji Commercial Bank, KHCB, as trading commenced on the bank’s shares under the trading symbol “KHCB,” which appears on DFM screens, trading system, and publications within the banking sector.
This listing further strengthens the prominent position of DFM as the most favoured listing venue for leading local and regional companies and lifts the total number of listed companies to 64. It also raises the number of dual listings to 14, including four Bahraini companies.
Abdulkarim Ahmed Bucheery, Vice Chairman of the Bank, rang the market-opening bell in the presence of Essa Kazim, Chairman of DFM, Sheikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse, and senior representatives from both sides.
Commenting on this development, Kazim said, “DFM constantly endeavours 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. Today, we are delighted to welcome the listing of Khaleeji Commercial Bank on DFM, which underlines the strong ties between the UAE and Bahrain and represents a strong addition to the banking sector on our market, providing investors with new investment opportunities.”
Dr. Ahmed Khalil Al Mutawa, Chairman of KHCB’s Board of Directors, said, “We are pleased to have the opportunity for investors to trade KHCB’s shares on the DFM. The speed and smoothness of the listing process reflect how developed the related procedures are. We would like to thank CBB, the UAE Securities and Commodities Authority, Bahrain Bourse and the DFM on this occasion for their contributing role in the development of the financial markets in the Kingdom of Bahrain and the UAE, as well as the great support they provided to KHCB during the listing process.”
This is the third listing on DFM since the beginning of 2017 after the listing of both Emaar Development and Orient UNB Takaful.
WAM/Hazem Hussein/Hassan Bashir