DUBAI: Abu Dhabi's Eshraq Properties said yesterday it was seeking regulatory approvals for a cross listing of its shares in Saudi Arabia.
The real estate developer, which went public in 2011, said it was coordinating with the UAE's Securities and Commodities Authority about the move and asked the Saudi regulator, the Capital Market Authority, to complete the necessary measures for the cross listing, a statement to the Abu Dhabi bourse said.
Saudi Arabia's Tadawul bourse is by far the largest in the Gulf Arab region, with much greater liquidity and trading volumes than other exchanges.
Eshraq seeks nod for Saudi cross listing
