Monday, 12 October 2009

Dubai looks into Damas shares request

Dubai’s international exchange is seeking clarification from Damas over the jeweller’s request on Sunday to suspend trading in its shares.

Damas, the Gulf’s largest jewellery retailer, said it had requested a suspension of its shares “pending further announcement”.

Tawfiq Abdullah, Damas’ chairman, on Monday said the company is talking to NasdaqDubai, the international exchange.

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