Thursday, 26 March 2015

Dubai, Essa Kazim, London Stock Exchange, DFM | The National

Dubai, Essa Kazim, London Stock Exchange, DFM | The National:



"Dubai has sold its eight-year-old 17.4 per cent stake in the London Stock Exchange, making a 77 per cent gain on its investment.



Essa Kazim, chairman of Borse Dubai, said that the shares had been sold at a price near an all-time record for LSE stock.



“What with currency gains and dividends, we’ve made a good profit. It’s an example of a Dubai overseas investment that has made a profit for the government,” he said."



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