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Tuesday, December 1 - 2009

International Investment Group Company debuts on the Dubai Financial Market

  • United Arab Emirates: Sunday, September 09 - 2007 at 13:36
  • PRESS RELEASE

The Dubai Financial Market (DFM) has announced the listing of International Investment Group Company, incorporated in Kuwait.

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  • (Right to left), Sami Bader Al-Jinaie, Chairman & Managing Director of International Investment Group Company and Essa Kazim, Chairman of DFM, ringing the opening bell to start trading of International Investment Group Company on Dubai Financial Market.
    (Right to left), Sami Bader Al-Jinaie, Chairman & Managing Director of International Investment Group Company and Essa Kazim, Chairman of DFM, ringing the opening bell to start trading of International Investment Group Company on Dubai Financial Market.
Company shares begin trading on Sunday under the trading symbol "IIG," which will appear on DFM screens, trading systems and publications.

The listing of ordinary shares of International Investment Group Company was finalised and approved by the DFM in collaboration with the Emirates Securities and Commodities Authority.

Ownership of the company's shares is available to Kuwaiti nationals up to 100 per cent, while GCC nationals and foreigners are allowed to own company shares at a maximum of 49 per cent.

The company's authorised capital is KD 33.21 million while its paid-up capital is KD 31.81 million. The company has issued 332.14 million shares, with each share valued at a par value KD 100 Fils.

Essa Kazim, Chairman of DFM, said:

"International Investment Group Company is the 54th to list its shares on the DFM. We welcome them to our bourse, and look forward to a prosperous future together. We hope that this listing enhances the activity of DFM's investment sector. DFM's strategy is based on offering diversified investment options to investors, and today's listing comes in line with this strategy."


Sami Bader Al-Jinaie, Chairman & Managing Director of International Investment Group Company expressed his gratitude to be associated with the Dubai Financial Market. "We are glad that our strong family of shareholders will now be able to trade their shares on the DFM, one of the region's leading stock exchanges. With strong fundamentals and aggressive expansion plans that will enhance shareholder value year-on-year, the company aims to take the company to greater heights and a must-have for investors.

The company's total revenue reached KD 32.5 million by end of 2006, while total assets reached KD 154.2 million by end of 2006.
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Notes and media contacts

About International Investment Group Company

International Investment Group Company is a closed shareholding company that was incorporated pursuant to the article of association authenticated by the Ministry of Justice - Real Estate Registration and Authentication Department - in the State of Kuwait under the number 345/55 at the 1st of Aug 1987. The company issued and fully paid-up capital is KD 31,818,800 (Thirty one million eight hundred eighteen thousand and eight hundred Kuwaiti Dinar) as on distributed on 318,188,000 shares (Three hundred eighteen million one hundred eighty eight thousand and eight hundred shares) with face value of 100 Kuwaiti Fils per share.

The company's real estate investment aims to develop land and build housing units and commercial and residential complexes for sale or lease. Baying and selling financial securities and bonds traded inside or outside of the state of Kuwait. The company also invests in the sectors of real estate, industrial, agricultural and other economic sectors, through contribute to the establishment of specialized companies or purchase shares of these companies. It implements special operations handled securities from the purchase and sale of shares and corporate bonds and government bodies. The company's activities also include the functions of Trustees of the investment and management of investment portfolios to the detriment of others and the construction of such borrowing and lending. In addition, the company also mediates in international lending and borrowing for a commission or remuneration, as well as finance and mediation in international trade, provide research and studies and other technical services related to investment and capital investment to others.

About Dubai Financial Market

Dubai Financial Market was established as a public institution having its own independent corporate body. DFM is operating as a secondary market for trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market. The Market commenced operations on 26th March 2000.

For further information, please contact:
Tarek Fleihan / Ghaleb Zeidan
Mobile: (+97150) 5198511 / 7782286
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556

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