Marka to list on DFM in the second week of September

July 24, 2014 12:00 pm

Marka, a public joint stock company with a capital of Dhs500 million, announced that it will list its shares on the Dubai Financial Market in the second week of September after having obtained the preliminary approval from the Securities and Commodities Authority.

Mr. Jamal Al Hai, Chairman of Marka, said: “Our focus in the company’s board is to attract elite talents that will fill senior management positions to ensure the effective operation of the company before the incorporation. We are also focused on implementing our ambitious plans to cement Marka’s position at the forefront of the retail and F&B sectors in the UAE and across the region.

We are on track in starting the company’s operations after completing various licensing procedures and obtaining final approvals from the Ministry of Economy, the Securities and Commodities Authority and Department of Economic Development, and establishing Marka as a public joint stock company.”

He added, “The board has put in place strategies and investment plans and a strategic plan in identifying the number and location of our first retail stores, restaurants and cafes.”