Logo - CCME
Digital Issue - CCME

Tabreed’s stock certified as Shari’a-compliant

Certification would further enhance investor base, says CEO

| | Oct 31, 2017 | 2:49 pm
Share this story

Jasim Thabet

October 31, 2017 – Abu Dhabi, UAE: National Central Cooling Company (Tabreed) has announced that its stock is now certified as Shari’a-compliant, the company said through a Press communiqué.

According to the communiqué, the Islamic Banks’ Unified Committee for Shari’a Screening, has now included Tabreed on its list of Shari’a compliant companies on the Dubai Financial Market, and Islamic banks’ brokerage companies can now trade the stock.

Speaking on the occasion, Jasim Husain Thabet, CEO of Tabreed, said: “We are proud of the certification of Tabreed’s stock as Shari’a compliant for investment and trading. This certification enables existing and new shareholders with a preference for Shari’a-compliant financial instruments to trade in Tabreed’s shares, thus further widening the potential investor base for Tabreed. A broader potential investor base can only assist in increasing liquidity for Tabreed’s shares.”

Share this story

Feedback for this story

Your email address will not be published.

Sponsored Posts

» Reaching for the skies

As Techem, our work at Cayan validates our lofty capabilities and ambitions


Expo Diaries
Banner - CCGD
Banner - AHRI
Banner – CareersBay