Dubai – Mubasher: The UAE’s Depa Limited Company’s listing on the London Stock Exchange (LSE) has been cancelled, the Dubai-based interior contractor announced on Monday.
Burj Khalifa’s furnisher added that the delisting was attributed to the limited number of the company’s traded global depositary receipts (GDRs), which cannot “justify the related expenses of the listing”, Arabian Business reported.
Earlier in February, Depa stated that it would change its listing currency on the Nasdaq Dubai exchange from US dollars to Emirati dirhams as of March 11.
