Salam International Investment, a Qatari investment company, will cancel its secondary listing on the Dubai Financial Market (DFM), according to a company announcement on the exchange on 17 February.
Salam is the second Qatari company to abandon a secondary listing on another Gulf exchange. On 2 February, Qtel announced that it was removing its secondary listing on the Bahrain Stock Exchange (MEED 2:2:09).
Salam's statement said, "This decision was taken due to the variation of applicable bylaws and regulations between the primary, the Doha Securities Market (DSM), and the secondary market, the DFM. This includes the variation of due date of cash dividends and bonus shares."
All Salam shares bought on the DFM will become tradeable on the Doha bourse.
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