At the same time, the bank will also continue its current listing under the DFM's Banking Index.
A total of 750 million free float shares represent the bank in both the General and Banking Index.
Ajman Bank's total outstanding shares are one billion.
The market capitalisation of Ajman Bank represents 1.2% that of DFMGI.
With the addition of Ajman Bank, the total number of companies now listed under the DFMGI has reached 29, and their combined market capitalisation represents around 78% of DFM's total capitalised value.
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Ajman Bank added to DFM's General Index
- United Arab Emirates: Saturday, July 26 - 2008 at 13:49
- PRESS RELEASE
Dubai Financial Market (DFM) announced the addition of Ajman Bank to the DFM's General Index (DFMGI).
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About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the 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 DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20% of its paid-up capital of Dhs8bn, DFM because a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80% of DFM Company.For further information, please contact:
Mohammed Daggamseh
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556
Posted by Eman HassanSaturday, July 26 - 2008 at 13:49 UAE local time (GMT+4)
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