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Thursday, November 12 - 2009

Dubai Financial Market announces listing of National Real Estate Company K.S.C.

  • United Arab Emirates: Monday, February 20 - 2006 at 14:45
  • PRESS RELEASE

Dubai Financial Market (DFM) has announced today the listing of National Real Estate Company K.S.C., as the company finalised its listing procedures with the DFM and its regulator, the Emirates Securities Commodities Authority (ESCA).

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  • Essa Kazim, Director General of DFM.
    Essa Kazim, Director General of DFM.
Foreign investors are allowed to acquire 51% of the company's shares. Trading on the National Real Estate Company's stock will officially start on February 21, 2006.

Essa Kazim, Director General of DFM, said:

"This recent listing brings the total number of companies listed on DFM to 33, and 49 securities in total. This listing further strengthens the DFM's leading position in the region."


The company is classified within service sector in DFM which includes companies in specialized in real state. It's shares given the trading symbol (NRE) shall appear on DFM screens, trading systems, and publications.
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Notes and media contacts

About National Real Estate Company K.S.C.

National Real Estate Company K.S.C. is a Kuwait Public Shareholding company that was incorporated on July 16, 1973. The company current capital is KD 53,636,038 distributed over 536,360,380 shares with par value of 100 fils.

The company activities consist of engaging in real estate investments and management, as well as undertaking real estate construction and maintenance, besides Investing in quoted and unquoted securities and managing portfolios.


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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