Dubai Financial Market (DFM) announced today (Tuesday, December 19, 2006) the listing of Bayan Investment Company, incorporated in Kuwait.
Bayan Investment Company is the 44th listed to list its shares on the DFM and the 62nd listed security on the market. Bayan Investment Company shares will start trading today (December 19, 2006) under the trading symbol “BAYAN” that will appear on DFM screens, trading systems and publications. The company is classified within the “Investment” sector, which now includes 6 public joint stock companies.
Essa Kazim, Director General of DFM, said: “We welcome Bayan Investment Company to the DFM and wish them a prosperous future. This new listing is another vote of confidence from a well established and profitable growth stock of the opportunities that DFM brings to the table. With a world-class systems and process, DFM is able to attract not just UAE-based companies but companies from across the GCC.”
Faisal Ali Al-Mutawa – Chairman & Managing Director of Bayan Investment Company, said: “Listing on DFM will add value for our investors, and we look forward to a fruitful relationship with the market. This decision came in compliance with the company’s strategy that aims to expand, grow and achieve sustainable benefits for Bayan shareholders.”