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Arab Heavy Industries on Dubai Financial Market |
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12/28/2006 8:55:58 AM |
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Ajman-based Arab Heavy Industries yesterday listed its shares on the Dubai Financial Market (DFM).
Arab Heavy Industries is the 46th listed company to list its shares on the DFM. Its shares started trading on yesterday under the trading symbol "AHI" that will appear on DFM screens, trading systems and publications.
The company is classified within the Real Estate and Construction sector, which now includes eight public joint stock companies.
The listing of ordinary shares of Arab Heavy Industries has been finalised and approved by DFM in collaboration with Esca. Foreign investors are allowed to acquire the company's shares at a maximum of 49 per cent of its outstanding shares.
The company's paid up capital is Dh67,225,900 as of December 27.
Eisa Kazim, director-general of DFM, said: "This year has been fruitful for DFM with listing of 16 companies from the UAE and across the GCC."
"During 2006, DFM has offered investors a wide rage of diversified investment options with various listings in different sectors. The market has also offered listed companies a good exposure to investors from UAE, the region, and across the world." |
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