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DAMAC to list on Dubai bourse on Monday

Developer offers holders of its London-listed GDRs shares in its holding firm

Published Sun, Jan 11, 2015 · 09:50 PM
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Dubai

DUBAI'S DAMAC will list on the Dubai Financial Market (DFM) on Monday, a bourse spokesman said, after the developer offered holders of its London-listed global depository receipts (GDRs) shares in its holding company instead.

DAMAC in December received approval from the United Arab Emirates' Securities and Commodities Authority to list on the DFM, according to a filing to the London Stock Exchange.

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