Dubai – Mubasher: CEO of the Nasdaq Dubai exchange Hamed Ali has celebrated the start of trading Depa Group’s shares in UAE Dirhams, according to a bourse statement released on Sunday.
Depa has converted its listing currency to Dirhams from US dollars, its listing currency since 2008, in a bid to boost Depa’s cooperation with regional institutional and individual investors, the Nasdaq Dubai exchange revealed.
“This conversion of Depa’s listing currency to UAE Dirhams is part of our strategy to deliver long-term sustainable shareholder value,” Depa’s CEO Hamish Tyrwhitt said.
The Nasdaq Dubai exchange enjoys a flexible currency framework for equities, which provide companies with an option to choose from a range of currencies upon listing and to convert to another currency afterwards.
“Our versatile infrastructure enables Nasdaq Dubai to work effectively with our listed companies to create solutions that meet their evolving needs and support their growth journey,” Nasdaq Dubai’s CEO Hamed Ali commented.
