Dubai - Mubasher: AWTAD chairman Majid Abdullah Alsari on Thursday rang the market bell to celebrate the listing of his company’s shares on the Dubai Financial Market’s (DFM) second market.

DFM chief operating officer and head of operations division Hassan Al Serkal along with other senior representatives from the DFM and AWTAD attended the bell ringing ceremony.

Welcoming AWTAD’s listing, DFM chairman Essa Kazim highlighted the “significant value for businesses and investors” represented in the DFM’s second market, citing that the market enables investors “to trade on private companies’ shares within a regulated and advanced environment and through the electronic trading system.”

AWTAD is a leading property investment company with a capital of AED 150 million distributed between 1.5 million shares with a nominal value of AED 100 per share.

“The second market has a huge potential to expand considering the big number of private joint stock companies in the country of approximately 150 companies and DFM encourages them to be part of its comprehensive platform,” the DFM’s top official added in a statement.

The top official further stated the benefits of listing on the DFM’s second market, which include “links with local and international investors, the streamlined access to funds necessary for expansion as well as enhancing its competitiveness through the implementation of best practices of transparency, corporate governance, and investor relations.”