Press Releases

17 October 2005

Trading of Salam International is to be suspended until approval on merger is given by authorities:

The DSM has decided to keep on suspension of trading on Salam International untill the second general assembly meeting of the company dedicated for approving the proposed merger of Salam Group with Salam International is held and the approval of the authorized parties in the Ministry of Economy and Commerce is obtained.

The decision has been taken in response to a request made by the Board of Directors of the company which has set next Wednesday 26.10.2005 another date for holding the general assembly meeting, following the failure to hold the meeting on Monday 24.10.2005 as the quorum was not met, an official source at the DSM said.

Trading of the company’s shares will be resumed when the merger is approved by the official parties concerned, the source added.