Gulf firms see potential in dual listing on DFM

Dubai – Decypha: Many Gulf companies expressed their interest in dual listing on the Dubai Financial Market (DFM) in the coming period, Executive Vice President of the DFM Hassan Al Serkal told Decypha.

The positive movement in UAE markets compared to other markets in the region attracts such companies, he said, adding that recently more than two firms are interested in listing their shares on the DFM.

The DFM plans to launch a short-selling service this year, which will boost the market’s liquidity, Al Serkal explained.

In addition, he noted that the possible listing of Saudi Aramco’s shares will have a positive impact on UAE markets, signalling the entry of more investments to the region’s markets.

By Decypha News Editorial Team

Decypha Contribution Time: 14-Mar-2017 12:52 (GMT)
Decypha Last Update Time: 14-Mar-2017 12:52 (GMT)