Mubasher: Malabar Investments announced that it has redomiciled the company with the Dubai International Financial Centre (DIFC) and the registration of its international operations shares with Nasdaq Dubai’s Central Securities Depository (CSD).
The aim is to strengthen the company’s links with investors, providing a transparent, well-regulated, efficient, and secured solution for its share-related corporate actions, Emirates News Agency (WAM) reported.
The entry of the international investment arm of Malabar Gold & Diamonds into Nasdaq Dubai Private Market enables its more than 300 shareholders from international operations to buy and sell shares with the approval of the Board of Directors through brokerage companies like Emirates ENBD Securities.
The transfers of ownership will take place securely in Nasdaq Dubai’s CSD, while trading will take place off-exchange as the company remains privately held.
