Browse
related articles
The listing of ordinary shares of Gulf Petroleum Investment Co 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 foreigners who are allowed to own 100 per cent of the company shares.
The company's authorised capital is KD 14.6 million while its paid-up capital is KD 14.6 million. The company has issued 146.4 million shares, with each share valued at a par value KD 100 Fils.
Essa Kazim, Chairman of DFM, said:
"Gulf Petroleum Investment Company is the 55th to list its shares on the DFM. We the company to the DFM and wish them a fruitful presence here. This week has been really eventful for DFM since two high profile companies - leaders in their respective category - made their debut on UAE's premier stock exchange. With the latest entrant Gulf Petroleum Investment Company, DFM has taken a major stride in financial markets since we now have companies from almost the entire GCC."
Dr. Basheer S. Al- Rashidi, chairman of Gulf Petroleum Investment Co: "We are delighted to announce Gulf Petroleum Investment Company's listing on DFM. The company's decision comes in line with its expansion plans in the region. DFM is a leading stock market that attracts business initiatives from the Arab World."
Posted by Anne-Birte Stensgaard, Senior News Editor
