Press Releases

29 September 2005

Salam International to be traded at Dubai Financial Market

Salam International has just received the approval from the Emirates Securities Market Authority to incorporate Salam International’s shares for trading at the Dubai Financial Market. This landmark step is precisely a result of the groundwork of the company’s vision and strategy of growth and expansion to safeguard and maximize its shareholders interests. It also fulfills the company’s nature as a regional Qatari company with its diversified activities operating in Qatar, the GCC region and the Middle East. In doing so, Salam International will be the first Qatari shareholding company to be incorporated for trading at the Dubai Financial Market. As such, Salam International is seen as Qatar’s economic ambassador.

For finalization of this pioneering move it is expected that both Doha Financial Market and Dubai Financial Market will be signing an agreement for the “dual listing” of Salam International shares shortly. Ensuing, Salam International’s Board of Directors may be invited to schedule the commencement date to trade the company’s shares in Dubai Financial Market. Other details concerning the shares transaction in Dubai and the operational mechanisms are to be announced and published later on.

It is projected by month-end that Salam International will be announcing the shares subscription of Salam Bounian Development Company, specialized in investment and development of real estate in Qatar and other GCC countries. As previously declared, Salam International’s shareholders will be given priority and preference for the subscription in Salam Bounian's shares. Furthermore, the subscription regulations and conditions are to be published shortly.

Salam International is presently awaiting the final approval by the Ministry of Economy and Commerce to hold its Extra Ordinary Meeting to present to its shareholders the merger of Salam Group and its subsidiaries with Salam International. Once the approval is received, invitations to the Extra Ordinary Meeting, to approve the proposed merger of Salam Group, will be distributed.

Salam International’s innovative and strategic approaches are solely in the best interest of its stakeholders.