dp world gets premium lse listing a first for dubaibased companies
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

DP World gets premium LSE listing, a first for Dubai-based companies

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice DP World gets premium LSE listing, a first for Dubai-based companies

Dubai - Arabstoday

DP World became the first Dubai-based company to obtain a premium listing on the London Stock Exchange (LSE) yesterday. The ports operator, which is also listed on Nasdaq Dubai, debuted on the LSE with its stock priced at 830 pence (Dh50.01) per share. The company gained to as much as 880 pence in intra-day trading before slipping back later in the session. Around 477,100 DP World shares changed hands by 6pm UAE time. \"DP World Limited is pleased to announce that all of its 830 million ordinary shares have today [Wednesday] been admitted to the official list of the UK Listing Authority and to trading on the LSE\'s main market for listed securities,\" the group said in an official statement to the LSE. \"There was no new capital raised as part of the listing on the London Stock Exchange. The aim is to provide an additional platform to invest in DP World shares to help attract a broader range of investors,\" the statement added. DP World was one of the most traded companies on the Nasdaq Dubai in 2010, according to the exchange\'s annual report, and, as a result, its share price rose by 47 per cent over the year. \"DP World\'s London listing will not have much impact on the local markets,\" said Matthew Wakeman, Managing Director of Cash and Equity Linked Trading at EFG Hermes. \"It is a remote listing and not on one of the UK\'s main indexes.\" DP World, a unit of the state-backed conglomerate Dubai World, made a net profit of $450 million (Dh1.6 billion) in 2010. The company said the 35 per cent jump in profits from $333 million in 2009 was due to increased trading volumes and improved terminal efficiencies. Revenues for the year grew nine per cent to $3.1 billion, up from $2.8 billion in 2009. Consolidated throughput was up nine per cent to 27.8 million TEU (twenty-foot equivalent units).

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dp world gets premium lse listing a first for dubaibased companies dp world gets premium lse listing a first for dubaibased companies

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dp world gets premium lse listing a first for dubaibased companies dp world gets premium lse listing a first for dubaibased companies

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 09:36 2017 Thursday ,07 December

Heidy Karam’s contract to present talk show close

GMT 10:50 2012 Friday ,20 January

Dusty weather expected in UAE on Friday

GMT 09:35 2018 Saturday ,13 January

New Zealand bat first in third ODI against Pakistan

GMT 10:48 2017 Saturday ,23 December

Meryl Streep's brand under threat

GMT 06:53 2017 Thursday ,11 May

17th Doha Forum To Begin Sunday

GMT 10:30 2017 Thursday ,23 November

Reports underline proliferation of weapons in Arab world

GMT 07:46 2017 Monday ,30 October

Catch it early, treat it early and move on

GMT 08:05 2015 Tuesday ,17 February

Conan O'Brien is first late night host to film in Cuba

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice