Monday 28 March 2011

Nasdaq Dubai in listing overhaul - Emirates 24/7

The Nasdaq Dubai released on January 18, 2011, a consultation paper inviting all stock exchange stakeholders to provide comments to a number of proposed listing rule changes.

This is the second consultation paper issued since the rules were adopted in 2005.

The previous consultation paper, released somewhat cryptically in 2008, was largely perceived by stakeholders as a failure to either clarify the existing regime or to improve the conditions for listing to make the stock exchange more attractive to international and regional companies seeking to list – and thus help the Nasdaq Dubai to become the regional stock exchange that it has always aspired to become.

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