For a country that is taking great pains to improve liquidity in its equity markets, endorsing a buyback of Nasdaq Dubai’s most liquid stock seems an odd move.
On Monday, DP World and its majority owner Port and Free Zone World FZE (PFZW) made an offer to DP World’s minority shareholders to acquire the outstanding 19.55% of shares for around $2.7 billion.
The transaction means that DP World will be delisted, and PFZW will acquire full ownership.
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