DFM share listing date due Tuesday

by Ben Flanagan Monday, 15 January 2007

The date on which shares in the Dubai Financial Market (DFM) start trading will be announced tomorrow at the bourse's first-ever general meeting.

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It is expected that shares in the DFM will be listed on the exchange itself sometime next month, following its oversubscribed initial public offering (IPO) last November.
An exact date, plus approval of the listing, is expected to be announced tomorrow at the meeting at Dubai’s Emirates Towers.

The election of the DFM board of directors, and approval of a shariah and fatwa board, is also expected to take place.

Last year's landmark AED1.6 billion IPO of the Dubai Financial Market raised around 126 times that amount, with excess funds having been returned to investors in December.



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