Al Habtoor Group is considering offering its companies in Dubai Financial

Khalaf Ahmad Al Habtoor: “Family businesses are a pillar of the economy in Dubai and the UAE, and a partner in the responsibility for construction and success.” Al Habtoor

The Chairman of the Board of Directors of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, announced that his group has long been studying the listing of its companies as joint stock companies, and that listing on the Dubai Financial Market is being considered.

Al Habtoor said in tweets on his official account on Twitter: "For more than two decades, I have been studying with the company's senior managers the inclusion of (Al Habtoor Group) in the financial markets, to maintain its continuity, and at this stage we have come close to a large percentage of making this decision." .

He added: "My decision to allocate 5% of the total shares listed in the financial market to workers in the (first line of defense, security forces and protectors of the homeland) at a price of 50% of the share price, because I hope that they benefit from our experience and success."

He explained that «family businesses today constitute a pillar of the economy in Dubai and the UAE, and they are partners in the responsibility for construction and success.

I hope that we will share this success with our boys and girls.”

He concluded his tweets, saying: “During the period of the (Corona) crisis, we were entrusted with them, they watched over our comfort and security and they did not fail to perform this duty.

And this decision is an initiative to express our thanks and gratitude for what they have provided and continue to offer us, in order to ensure our protection and health security.”

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