Empower debuts listing and trading of its shares on DFM – Gulf Today
- Date: 15-Nov-2022
- Source: Gulf Today
- Sector:Financial Markets
- Country:UAE
Empower debuts listing and trading of its shares on DFM – Gulf Today
Top officials during the Empower’s listing on DFM.
Dubai Financial Market (DFM) on Tuesday welcomed the successful listing of Emirates Central Cooling Systems Corporation (Empower). This is the fourth public offering and listing on the DFM in 2022 to date.
It is part of the accelerating steps to implement Dubai’s strategy which aims to develop its capital markets.
Saeed Mohammed Al Tayer, Chairman of Empower, rang the DFM market opening bell to celebrate the listing, in the presence of Helal Al Marri, Chairman of the DFM, Ahmad Bin Shafar, Chief Executive Officer of Empower and Hamed Ali, CEO of the DFM and Nasdaq Dubai.Shares began trading under the symbol “EMPOWER”, concluding the Company’s successful public offering that raised Dhs2.66 billion giving a market capitalisation of Dhs13.30 billion on admission with a share price of Dhs1.33 at the upper end of the floatation price range, noting that
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