PWC currently represents 2.8% of this index, which is comprised of fifty blue-chip companies located throughout the Arabic speaking region.
Tarek Sultan, Chairman and Managing Director of PWC Logistics, commented, "This substantial share of the index is a testament to PWC's growth and expansion across the region." He continued, "This index will contribute greatly to the development of the region's exchanges, including the Dubai International Financial Exchange and the Kuwait Stock Exchange, by generating substantial interest from global investors."
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PWC Logistics included in Dow Jones DIFC Arabia Titans 50 Index
- Kuwait: Sunday, July 25 - 2004 at 12:51
- PRESS RELEASE
PWC Logistics, the leading supply chain solution provider in the Middle East, was recently selected for inclusion in the newly created Dow Jones DIFC Arabia Titans 50 Index.
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About the Arabia Titans 50 IndexThe Dow Jones DIFC Arabia Titans 50 Index is a 50-stock index of leading Arab stocks. The first of its kind, the index was created jointly by Dow Jones Indexes and the Dubai International Financial Centre (DIFC), a Dubai government organization that was recently established to create a regional capital market for Arab countries, in collaboration with Shuaa Capital, a Dubai-based investment bank.
The index represents established Arab markets that have proven to be accessible to international investors. As of July 2004, the index covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and the United Arab Emirates.
About PWC Logistics
PWC Logistics provides comprehensive supply chain solutions to companies throughout the Middle East. Through its network of warehouse facilities, connected by multiple transportation options, PWC provides its customers with supply chain solutions tailored to their business needs.
PWC Logistics is traded on the Kuwaiti Stock Exchange and has a market capitalization of approximately KD 600 million (US$2.0 billion).
CONTACT:
James Reheiser
PWC Logistics
Tel: (+965) 809 222, Ext. 2205
Fax: (+965) 467 1013
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, July 25 - 2004 at 12:51 UAE local time (GMT+4)
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