Dubai-Mubasher: Dubai Financial Market (DFM) recorded AED 527 million of trading in the rights issues of Ajman Bank, Dubai Parks and Resorts, and Dubai Islamic Bank (DIB) since the beginning of 2016.
“The robust activity clearly indicates the significance of this new instrument that has enabled shareholders who do not wish to subscribe to the new shares to sell all or part of their rights to other investors who do wish to subscribe,” according to a statement.
DFM launched this service in 2015 with the trading of Takaful Emarat rights issue.
