May 15 2007 |
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Boulder Steel of Australia lists shares on DIFX to reach regional investors
Boulder Steel, an Australian company that is building a plant to make seamless tubes for the oil and gas industries in Australia as well as a seamless tube finishing facility in Sharjah (UAE), today listed its ordinary shares on the Dubai International Financial Exchange (DIFX) .
Carl Moser, Director and General Manager of Boulder Steel said: "As the region's international exchange, the DIFX is the ideal market for us to attract investors from across the Middle Eastern region. The exchange's close links to retail and wholesale brokers make it an excellent platform for Boulder Steel as we expand our business."
The company's market capitalisation is about US$190 million and it is also listed on the Australian Stock Exchange (ASX) as well as exchanges in Germany. The DIFX will provide trading in the same pool of Boulder Steel shares as the ASX through a settlement link created by Computershare, the world's largest share registry.
With Boulder Steel the DIFX now has nine equity listings, including depositary receipts as well as ordinary shares.
Hamed Ali, Executive Officer of the DIFX , said: "Many of the international companies that are interested in listing on the DIFX already have a business presence in the region, which makes them attractive to regional investors.
Equally, regional companies that list on the DIFX know that through it they can access international as well as regional investment."
-Ends-
About DIFX
The
DIFX
is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the
DIFX
for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The exchange launched in September 2005 and currently has 20 Members - ABN AMRO, Abu Dhabi Commercial Bank, Arbuthnot Securities, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, Hichens, Harrison & Co, HSBC, ING Bank NV, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), NBD Investment Bank, SHUAA Capital, Standard Chartered and UBS.
Issuers on the DIFX : Equities - Albaraka Banking Group (ordinary shares), Boulder Steel (ordinary shares), Citigold Corporation (ordinary shares), Fortune Management (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (India) (global depositary receipts), Rana Sugars (global depositary receipts); Bonds - Dubai Holding Commercial Operations Group (Euro Medium Term Notes), MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes); Islamic products - Aabar Sukuk (Sukuk), DIB Sukuk (Sukuk), Nakheel Development (Sukuk), Ports, Customs and Free Zone Corporation (Sukuk), TID Global Sukuk (Sukuk); Structured Products - Deutsche Bank (certificates over indices).
The regulator of the
DIFX
is the Dubai Financial Services Authority. The
DIFX
is located in the Dubai International Financial Centre (DIFC) and its owner is
DIFC Investments
.
www.difx.ae
For further information on the
DIFX
, please contact:
Amira Abdulla
Dubai International Financial Centre
Tel: +971.4.362.2433
Email: amira.abdulla@difc.ae
Mark Fisher
Dubai International Financial Exchange
Tel: +971.4.3622451
Email: mark.fisher@difx.ae
© Press Release 2007
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