Three major listings on DFM to take place next week

Dubai Financial Market (DFM), UAE's premier stock exchange said that three companies will be listed on DFM next week.

United Arab Emirates: Monday, July 03 - 2006 at 16:49
PRESS RELEASE

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The listing of ordinary shares of the three companies has been finalised and approved by DFM in collaboration with ESCA.

1. SALAM International Investment Company - Qatar
2. Grand Real Estate Projects Company - Kuwait
3. Tamweel - UAE

SALAM International Investment Company is listed on Doha Securities Market, Grand Real Estate Projects Company is listed on Kuwait Stock Exchange whereas Tamweel will debut its listing on DFM.

Salam International Investment Limited (SIIL), a Qatari shareholding company, owns and manages several business units in diverse fields, namely, Consumer Services, Information Technology and Communications, Industrial Engineering, Oil and Gas Services, Technical Services, Fabrication, Style and Furnishing, Contracting and Project Management.

As for Grand Real Estate Projects Company, the company's activities include real estate activities, acquisition, buying, improving & selling real estate and land, acquainting and managing hotels and resorts, and performing real estate investments operations on the regional level and other Middle Eastern countries.

Tamweel was established in Dubai in November 2002 as a limited-liability company but under the name of Emirates Finance Company (EFC). In July 2003, the Company was restructured and its name was changed to Tamweel LLC. Tamweel has rapidly grown into one of the leading players in the UAE's home finance market.

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Notes and media contacts

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 / Bakul Gala / Tarek Fleihan
Mobile: 5097631 / 2459547 / 5198511
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

Posted by Lara Lynn Golden, News Editor
Monday, July 03 - 2006 at 16:49 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Sunday, May 27 - 2007

Index : Company News : Dubai Financial Market (DFM)

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