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FINANCIAL NEWS
DP World consolidates shares
07 Apr 2011
(MENAFN) DP World Limited’s spokesperson, said that the company would reduce the number of shares to 830 million rather that 16.6 billion, reported Gulf News.
He added that by the one-for-20 share consolidation, every shareholder would get a new USD2.00 share for every twenty shares he already owns.
The spokesperson said that this step would affect the company’s global position positively, as the value of shares would increase. It is well known that companies around the world usually do not show much interest in stocks that have values less than a dollar per share.
It is worth noting that DP World Limited is the ports operator of conglomerate Dubai World.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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