Commenting on this development, Essa Kazim said: “We are delighted to see the shares of Tamweel trading on our screens again. Tamweel is amongst the most important listings on DFM and one of the leading Islamic finance companies in the UAE. Undoubtedly, this step represents a positive development for investors, particularly that Tamweel has a large investor base with more than 55,000 shareholders.”
Abdulla AlHamli, Chairman of Tamweel expressed his gratitude to His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai, the government committee handling Amlak and Tamweel and headed by H.E. Sultan bin Saeed Al-Mansoori, Minister of Economy, the UAE Securities and Commodities Authority and Dubai Financial Market for their efforts which led to the resumption of trading on Tamweel shares.
It is noteworthy that the stock resumed trading based on the last closing price and in accordance with the fluctuation band of 15% up and 10% down. DFM will consider the inclusion of Tamweel shares into the DFM General Index in due course, subject to the index rules.
Tuesday, May 10- 2011 @ 16:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.