DUBAI, Oct.31, 2006 (WAM) -- Dubai Financial Market (DFM)today announced the listing of United Kaipara Dairies Company,incorporated in Dubai.
United Kaipara Dairies is the 43rd company to list its shareson the DFM and the 61st listed security on the market. UnitedKaipara Dairies shares will start trading today (October 31,2006) under the trading symbol UNIKAI that will appear on DFMscreens, trading systems and publications. The Company is classifiedwithin the "industry" sector.
The listing of ordinary shares of United Kaipara Dairies hasbeen finalised and approved by DFM in collaboration with ESCA.
The Company's paid up capital is AED 25 million as at 30th June2006. Essa Kazim, Director General of DFM said: "We welcome UnitedKaipara Dairies to our bourse, and wish the dairy major a prosperousfuture. The listing of United Kaipara Dairies will provide diversityto investor's portfolio. DFM's strategy is based on offeringdiversified investment options to investors, and today's listingcomes in line with this strategy."Sajjad Ahmad Sheikh Anwar Ghani, Managing Director of UnitedKaipara Dairies said: "We are delighted to announce Unikai'slisting on DFM. The company's decision comes in line with itsexpansion plans in the region and sharing wealth with our stakeholders. Listing on DFM will add value to our investors and we look forwardto a fruitful relationship with the market." The Company's head office,its production facilities and maindistribution facilities are located in the Al Quoz IndustrialArea in Dubai, over an area of 475,000 square feet. The Company established Branches with distribution set-up inAbu Dhabi, Al Ain, Khorfakkan and Ras Al Khaimah. Also the companycarries general trading activities under the name ( Unikai international).
