Dubai – Mubasher: The Dubai Financial Market (DFM) on Sunday welcomed the listing of Egypt-based NAEEM Holding for Investment.
A leading investment company in the Middle East and North Africa (MENA) region, Naeem will now be dually listed on the DFM and the Egyptian Exchange (EGX). Naeem will trade under the stock symbol “NAHO” on the DFM, which is the same as the symbol for the EGX.
DFM chairman Essa Kazim welcomed Naeem Holding’s listing on the DFM, saying it was the first dual listing from Egypt on the bourse, indicating that “strong ties” between the UAE and Egypt.
“Building on what has been achieved, we believe that there is a sizeable opportunity to further strengthen this relationship in order to diversify opportunities for investors and create value for issuers…This new listing underlines businesses’ high level of confidence in our exchange due to its world-class infrastructure, enormous and diversified investor base and innovative issuer services,” Kazim added.
Naeem’s listing on the DFM brings the total number of dually listed companies on the Dubai bourse to 16 and raises the number of companies on the stock exchange to 67.
