Dubai Financial Market (DFM) has announced the listing of Bahrain’s Khaleeji Commercial Bank (KHCB), a leading Islamic financial institutions, as trading commenced on the bank’s shares under the trading symbol KHCB.

The symbol appears on DFM screens, trading system and publications within the banking sector.

This listing further strengthens the prominent position of DFM as the most favoured listing venue for leading local and regional companies and lifts the total number of listed companies to 64. It also lifts number of Dual listings to 14 including four Bahraini companies.

Abdulkarim Ahmed Bucheery, vice chairman of the bank rang the market-opening bell in the presence of Essa Kazim, chairman of DFM, Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse and senior representatives from both sides.

Kazim said: “DFM is constantly endeavours to diversify the range of investment opportunities offered to its enormous investor base by encouraging and partnering with companies from various sectors across the region to benefit from listing on the region’s leading stock exchange.”

“Today, we are delighted to welcome the listing of Khaleeji Commercial Bank on DFM, which underlines the strong ties between the United Arab Emirates and the Kingdom of Bahrain and represents a strong addition to the Banking sector on our market, providing investors with new investment opportunities.

“The listing also reinforces DFM’s position as the market of choice for companies seeking Dual listing in a clear indication on businesses’ high level of confidence in our exchange due its world-class infrastructure, enormous and diversified investor base and innovative issuer services. These factors further strengthened DFM’s leading position as most favoured listing venue for companies from the UAE and across the region and fortifies Dubai’s position as an international financial hub,” he added.

This is the third listing on DFM since the beginning of 2017 after the listing of both Emaar Development and Orient UNB Takaful. – TradeArabia News Service