Sunday 18 March 2012

Depa mulls departure from Nasdaq Dubai listing - The National

Depa, the design company that fitted out some of Dubai's most prestigious buildings, is considering delisting from Nasdaq Dubai to enhance trading in its shares.

One option for the company is to move its equity listing to Singapore, according to Dubai financial sources. It might also shift to the Dubai Financial Market (DFM), the emirate's local exchange.

The sources, who declined to be named, said a move to the South East Asian trading hub was Depa's favoured option but that a listing on the retail-driven DFM was also being considered.

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