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Three Kuwaiti firms to list on DFM in Feb.
DUBAI — In a significant development for the region's capital markets, three Kuwaiti companies will list secondary shares on Dubai Financial Market (DFM) in February.
Following the announcement of the listing of Public Warehousing Company (PWC) on February 15, 2006, two more Kuwaiti companies will follow suit later in February 2006.
Al Mazaya Holding Company, a real estate development company in Kuwait, will list secondary shares on the DFM on February 20, and National Real Estate Company K.S.C., which is also a Kuwait Public Shareholding company engaged in real estate investments and management, will be listed on DFM on February 21, 2006.
Commenting on the trend, Essa Kazim, Director General of DFM, said: " We are delighted to welcome these three Kuwaiti companies to the market. DFM is considered today an attractive market for local and regional investments due to the high liquidity that the market enjoys, which has also contributed to consolidate the market's position among financial markets in the Arab countries. This development also shows the way in which the region's economies and companies are growing in sophistication and maturity."
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