Damac Real Estate Development will start trading its global depositary receipts on the London Stock Exchange today.
The Dubai luxury real estate company has confirmed that global depositary receipts representing ordinary shares in the company have been admitted to the official list of the UK Listing Authority.
It has listed its global depositary receipts in London at $12.25 (£7.48) each, giving it a £2.6bn valuation.
Unconditional dealings in the GDRs will commence today on the main market of the London Stock Exchange under the ticker symbol DMC.
bridget.o’connell@estatesgazette.com
