Dubai, 19 January 2016: Sheikh Abdulaziz Bin Humaid Al Noaimi, Chairman of Al Safwa Islamic Financial Services today rang the market bell to celebrate the listing of company's shares on the "Second Market" of Dubai Financial Market (DFM), in the presence of His Excellency Essa Kazim, Chairman of DFM as well as senior representatives from both sides.

It is worth noting that AlSafwa Islamic Financial Services has listed its shares on 26 November 2015, as the first private joint stock company on the "Second Market" of DFM.

His Excellency Essa Kazim has welcomed the listing of AlSafwa Islamic Financial Services and said, "The "Second Market" represents significant value for businesses and investors alike as it enables investors to trade on private companies' shares within a regulated and advanced environment and through the electronic trading system. The listing also enables private companies that play an integral role in the economic activity, to avail various benefits of being a listed company."

Sheikh Abdulaziz Bin Humaid Al Noaimi said, "The listing will further reinforce the company's position locally and regionally in order to carry on with our development plans as well as attracting broader investor base in line with the company's ambitious plans to expand its activities in the local and regional markets."

-Ends-

About Dubai Financial Market:
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae

For further information, please contact:
Atef Fathy,
Vice President - Head of Media & Public Relations,
Dubai Financial Market.
Tel: 04-3055334.
Email: afathy@dfm.ae                                                                                                         

© Press Release 2016