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Wednesday, November 11 - 2009

Dubai Financial Market announces listing of Public Warehousing Company

  • United Arab Emirates: Tuesday, February 14 - 2006 at 13:58
  • PRESS RELEASE

Dubai Financial Market (DFM) has announced today the listing of Public Warehousing Company incorporated in Kuwait, as the company finalised its listing procedures with the DFM and its regulator, the Emirates Securities Commodities Authority.

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  • Essa Kazim, Director General of Dubai Financial Market.
    Essa Kazim, Director General of Dubai Financial Market.
The company is listed on Kuwait Stock Exchange and now on Dubai Financial Market. Foreign investors are allowed to acquire 51% of the company's shares. Trading on the Public Warehousing Company's stock will officially start on February 15, 2006.

Essa Kazim, Director General of DFM, said:

"This recent listing brings the total number of companies listed on DFM to 31, and 47 securities in total. This listing further strengthens the DFM's leading position in the region."


The company is classified within service sector which now includes eight public joint stock companies. The company's shares given the trading symbol (WARE) shall appear on DFM screens, trading systems, and publications.
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Notes and media contacts

About PWC
Founded in 1979 and headquartered in Kuwait, PWC Logistics is a leading provider of supply chain solutions to companies and government organizations throughout ten countries in the Middle East. PWC Logistics' services include contract logistics (i.e. warehouse management), fleet management, international freight, transportation, inventory management and order processing and other supply chain related solutions and value added services. In total, PWC Logistics now manages approximately 12 million square meters of real estate (600 thousand square meters of warehouse space) and operates over 2,500 trucks throughout the Middle East.

PWC's core services are warehousing, transportation and freight management. Its end-to-end solutions include demand planning; procurement; inventory management; order processing and fulfillment; delivery to the distributor, retailer or end-consumer; reverse logistics; and invoicing.

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:
Tim Harrison (050/5097631)
Tarek Fleihan (050/5198511)
Sandeep Sharma (050/3425056)
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

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