This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious




DIFC Bourse To List Government-Owned Companies, Multinationals

by Philip Morton, Investors Offshore.com

16 August 2002

The Dubai International Financial Centre (DIFC) may invite government-owned entities, and regional utility providers such as the Dubai Electricity and Water Authority to list on its bourse when it becomes operational next year.

According to a Gulf News report, the regional financial exchange will be one of the five services offered by the DIFC, and three internationally respected financial service providers have already been shortlisted to run the exchange.

However, the news service on Thursday quoted unnamed sources 'close to the DIFC' as revealing that large family-run businesses and multinational corporations with operations in the UAE will also be approached to list on the new exchange.

'Listing of big local names from the UAE will help the DIFC exchange to achieve international reach so the bourse can attract big names from abroad too,' Hussain Al Qemzi, Chief Operating Officer of the financial centre explained this week.

.

 

 






Write a comment