Dubai Financial Market, DFM, today announced the listing of Dubai Parks and Resorts, as trading commenced on the company's shares under the trading symbol DUBAIPARKS, which appears on DFM screens, trading system and publications within the Consumer Staples and Discretionary Sector.
As the first company from the tourism sector to list on the DFM, Dubai Parks and Resorts further supports DFM's strategic objective of attracting new issuers from fast-growing economic sectors, offering investors the opportunity to benefit from the growth of these sectors. Moreover, the successful listing of Dubai Parks and Resorts 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 58.
Including this listing, DFM has successfully attracted four IPO listings in 2014 for leading companies operating in diversified sectors including retail, real estate, education, healthcare and tourism, which further diversifies the list of issuers and enables investors to participate in the growth of these vibrant sectors.
The listing of the company's shares within a few days of the IPO conclusion has been achieved with the support of the DFM eIPO platform, directly linked with receiving banks, enabling investors to swiftly subscribe online via different channels e.g. Internet Banking, ATMs and the iVESTOR card.
Essa Kazim, Chairman, Dubai Financial Market, Abdulla Al Habbai, Chairman of Dubai Parks and Resorts and senior representatives from both sides attended the listing ceremony on DFM's trading floor.
Essa Kazim said, "We are delighted to welcome the listing of Dubai Parks and Resorts, the first entertainment theme park owner to go public and list on DFM, opening the door for our vast base of local and international investors to participate in the spectacular success story of Dubai. The Emirate has rapidly reinforced its position over the past years as a key destination attracting visitors from all over the world.
Abdulla Al Habbai said, "This is an exciting day for Dubai Parks and Resorts. The listing on DFM marks an important milestone towards achieving our objectives and brings us one step closer to our vision of developing a premier year-round global entertainment destination. Against a background of strong macroeconomic fundamentals and favourable demographic trends, we see Dubai Parks and Resorts as well positioned to meet increasing visitor demand for leisure and entertainment, both locally and regionally, and should be able to capitalise on the projected growth in tourists to Dubai and the United Arab Emirates."
Source: WAM