Bell rings at the DFM announcing the trading of Global shares

This innovative step marked the beginning of a new idea introduced by Global into the regional stock markets. This ceremony was attended by DFM officials headed by Mr. Issa Kazem, Director General of DFM, Global management and staff in addition to a number of investors and brokers in the market.

Mr. Kazem gave a short speech welcoming Global to the DFM and voicing his appreciation and admiration for the step that Global has overtaken to get listed on the DFM. He added that today, selected leading regional companies are looking forward to being listed on the DFM and that management is working closely with these companies to obtain the required approvals.

Mr. Kazem touched based on the role that the management of the DFM plays in promoting local, regional and international companies to get listed emphasizing the fact that the management has been working hard on enhancing the legislations as it believes that the market should be as per international standards.

Mrs. Al-Ghunaim mentioned that the listing on DFM follows the company's successful listing on the Kuwait Stock Exchange in May 2003 and the Bahrain Stock Exchange in October 2004.

She added, that "this listing is a continuation of our strategy to expand in the Gulf and the wider Arab region. We chose the UAE, and Dubai in particular, because of its exceptional position on the regional and international economic and financial map in addition to being the second largest market in the region in terms of market capitalization."

Mrs. Al-Ghunaim offered her warmest congratulations to Dubai for its amazing and steady development achieved across all sectors. She expressed hope that the emirates would continue to succeed and flourish under the guidance of its wise leadership. She also thanked the DFM officials for their full support that they have provided Global in applying for this listing transaction.

It is worth mentioning that the Global stock has started trading in DFM today at 31.60 Dirhams, which is the ceiling price for the day and is equivalent to KD 2.570.

On the other hand, Global share retained its upward trend in both Kuwait and Bahrain Stock Exchanges. In Kuwait, the stock closed at KD 2.440, with an increase of 100 fils compared to the previous closing. In Bahrain, the share price recorded an increase of 320 fils closing at BD 3.320, which is equivalent to KD 2.570.