Dubai Ports World re-registered itself as a private company, after its decision last February to withdraw from the NASDAQ Dubai and return it to private ownership; This is in preparation for becoming a global integrated logistics solutions provider.
According to Al Bayan newspaper, the company said in a disclosure to the Nasdaq Dubai Stock Exchange: The Registrar of Companies in the Dubai International Financial Center today issued a transfer certificate confirming that on July 5, 2020, it was reinstated Registering DP World as a private company according to Law No. 5 of 2018.
She indicated that the company name had also been changed to DP World Limited, and the adoption of the amended articles of association had been in effect from July 5, 2020.
The International Ports and Free Zones Corporation, the company that owns DP World, acquired 19.55% of the shares of DP World circulating in Nasdaq Dubai, which led to its return. To private property.
The move will enable DP World to focus on its medium and long-term strategy aimed at transforming from a global port operator to a provider of globally integrated logistics solutions. >
