DP World lists on London Stock Exchange

  • Marine terminal operator joins the Main Market today
  • Company takes dual listing with Nasdaq Dubai
  • DP World becomes third Middle Eastern company to join Main Market in four weeks

The London Stock Exchange Group (LESG) today welcomes DP World to the Main Market. DP World, one of the largest marine terminal operators in the world, which is already listed on the Nasdaq Dubai exchange, has chosen to undertake a dual listing in London in order to gain access to a wider range of investors. 

Xavier Rolet, Chief Executive Officer of the London Stock Exchange Group, said:

“We are delighted to welcome DP World to the London Stock Exchange. As a dual-listed company they will gain access to the world’s most international market as well as an unrivalled source of deep liquidity and new investors. This listing underlines London’s perennial attractions to companies with global reach and ambitions.”

Sultan Ahmed Bin Sulayem, Chairman of DP World commented:

“Today marks another milestone in our history as DP World becomes the first Dubai Company to obtain a Premium listing on the London Stock Exchange. This is a very proud day for the Board and Management of DP World.” 

Mohammed Sharaf, Chief Executive Officer commented:

”DP World is the only listed global port operator and we are delighted to be listed on the London Stock Exchange offering more investors the opportunity to invest in our unique company.” 

All of DP World’s 830 million Ordinary Shares have been admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities.

This values the company at approximately £7 billion. Though the company will not raise any new funds, existing shareholders will have the option of holding shares in Dubai or London.

The listing of DP World brings the number of Middle Eastern companies listed on the London Stock Exchange to 41 with a total market capitalization of £6.2 billion. In the last ten years, companies in the region have raised £2.9 billion in London.

 

 

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For further information, please contact:

Tom Gilbert                                        Press Office +44 (0)20 7797 1222

                                                            newsroom@londonstockexchange.com

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.