Drake & Scull International Started Trading On Dubai Financial Market

Dubai Financial Market (DFM) announce the listing of Drake & Scull International PJSC, engaged in mechanical, electrical, plumbing infrastructure water, and power and civil contracting. Company shares began trading on 16 March 2009, under the trading symbol DSI within the

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Dubai Financial Market (DFM) announce the listing of Drake & Scull International PJSC, engaged in mechanical, electrical, plumbing infrastructure water, and power and civil contracting.

Company shares began trading on 16 March 2009, under the trading symbol DSI within the real estate and construction sector, which will appear on DFM screens, trading systems and publications.

Drake & Scull International PJSC is the first public joint stock company to list in DFM in 2009. The listing of Drake & Scull International brings the total number of public joint stock companies listed on the DFM to 65 company, while the total number of listed securities reached 87.

We at DFM are keen to expand our securities list with companies represent different sectors that gives the market more depth and diversified investment opportunities, says Essa Kazim executive chairman, Dubai Financial Market. The listing of local companies went through an IPO, undoubtedly, plays a key role in enhancing the market activity as learned from the previous listing of local companies.

This is quite possibly the proudest day in our 43 year history. To be the first end to end specialist contracting company to list on a stock market of DFMs pre-eminence, brings with it enormous benefits of visibility, access and unrivaled opportunity. We intend to exploit each to the full, says Khaldoun Tabari, vice chairman and CEO, Drake & Scull International PJSC.

L.D.

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