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DP World - Application to list

PUBLISHED ON 21-Oct-2007
DP World - Application to list
The Dubai International Financial Exchange (‘DIFX’) today announced that global marine terminal operator, DP World, has applied for its shares to be admitted to the official list of securities of the DIFX, and to list its shares on the DIFX.

Per E. Larsson, Chief Executive Officer of Borse Dubai and of the DIFX said:

‘Today’s application to list from the world’s fourth largest marine terminal operator, DP World, underlines the stature of the DIFX as both a regional and international hub for investors. It also provides further support for our strategy of international expansion.

‘Our world class trading platform will help DP World access the regional investment base, estimated to have $US3 trillion in available liquidity*, and the local retail investor base, as well as the international capital markets.

‘It also reflects the excellent international, independent legal and regulatory platform which has been established in the form of the DIFC and DFSA.

‘We fully expect a number of local and regional companies to apply for listings on the DIFX and DFM. This will further fuel the growth of Borse Dubai and continue to bolster its significant attractions as a route to local and international capital markets.’

Hamed Ali, Executive Officer, DIFX said:

‘This IPO would represent a significant milestone for the DIFX and for Dubai as a financial centre, giving issuers unparalleled access to global and regional liquidity pools.

‘Over the past year we have successfully replicated other international exchanges -- and in one particular area -- listings of Sukuk (Islamic bonds) by value -- we are established as the world’s leading exchange.

‘We have also launched DIFX TraX, the first structured products platform on an exchange in the region, and we will continue to launch new markets and introduce new and innovative products.

‘We have successfully built a very healthy environment for trading, including a world class trading platform and close links with regional and international brokers. These include 19 Members – 14 international and 5 regional - contractual agreements with market makers, and connections with the international central securities depositaries Clearstream and Euroclear.’

*Source: Canada’s International Market Access Report 2007

 

This media release does not imply acceptance by the DIFX of DP World’s application to list

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