Dubai, Oct. 4th, 2006 (WAM) - Dubai Financial Market (DFM) today announcedthe listing of Aerated Concrete Industries Company, a leading player inproduction of aerated concrete, non-concrete and construction requirements.

The company is listed on Kuwait Stock Exchange.

Incorporated in Kuwait, Aerated Concrete Industries Company's plants arelocated in Shuaibah Industrial Area in the State of Kuwait, UAE, Qatar,and Saudi Arabia. Heavy duty, light weight building units of reinforcedand non-reinforced concrete are manufactured with the most advanced autoclavesusing basic raw materials such as quartz sand, cement, and lime.

Aerated Concrete Industries Company is the 41st company to list its shareson the DFM and the 59th listed security on the market. The company isclassified within 'Industry' sector which includes 5 public joint stockcompanies now.

The company's shares started trading today under the trading symbol (ACICO)that will appear on DFM screens, trading systems and publications.

The listing of ordinary shares of ACICO's has been finalised and approvedby DFM in collaboration with ESCA. Foreign investors are allowed to acquirea maximum of 15 per cent of ACICO's shares. Its paid-up capital amountsto KD 14.6 million.

Essa Kazim, Director General of DFM said: "DFM welcomes ACICO which makesits debut today. Many companies from the region have been listed sincethe beginning of this year and many more have expressed their interestto debut soon. This listing will give ACICO access to a good investorbase and will also add diversity to our investor's portfolio." Ghassan Ahmad Sauod Al-Khalid, Chairman & Managing Director, AeratedConcrete Industries Company, said: "ACICO is delighted to list on DFM.

The UAE in general and Dubai in particular, are globally recognised asattractive centres for business investment and trading in the region.

The decision to list on DFM came in compliance with the company's strategyaimed at expanding, growing and achieving sustainable benefits for ourshareholders."