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Takaful House lists on Dubai Financial Market |
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Friday, 08 August 2008 |
Dubai: The Dubai Financial Market (DFM) announced on Monday the listing of Takaful House company, a provider of Takaful insurance based in the UAE.
The company’s shares began trading today under the trading symbol “DARTAKAFUL,” which will appear on DFM screens, trading systems and publications.
The listing of ordinary shares of Takaful House company was finalised
and approved by DFM in collaboration with the Emirates Securities and
Commodities Authority.
The company’s authorised and paid-up capital is pegged at Dh100
million. The company has also issued 100 million shares, with each
share valued at a par value of Dh1.
Through an initial public offering launched in July, the company offered 55 million shares for public acquisition, representing 55 per cent of the total capital for a nominal value of Dh1 per share. Non-GCC nationals can trade up to 25 per cent of the company shares.
Today’s listing ceremony was attended by Takaful House company chairman Mohammad Musabah Al Neaimi and DFM board member Nasser Al Shaali, along with senior members of DFM and other company officials.
Gulf
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