The NetSol Technologies Inc has become dual-listed for trading on the Dubai International Financial Exchange (DIFX) after its name was approved for trading under the symbol NTWK.
NetSol Technologies Ltd President, Salim Ghauri said the approval reflected the globalisation of their business and served as an excellent complement to the existing trading liquidity of shares on Nasdaq.
Ghauri said that NetSol has already maintained an impressive presence in Saudi Arabia where it has a major blue chip customer. With the listing of NetSol with DIFX, the company will create new opportunities in the Middle East during the days to come, he added.
He said that NetSol is the first United States-listed company to go live with a dual listing on the DIFX. "It will help broaden our investor base within this dynamic region, as well as increase our brand visibility within the international markets," Ghauri said adding the secondary listing of NetSol on the DIFX will bear similar reporting and disclosures requirements as in the United States. He said that NetSol plans to expand its business in the fast growing UAE market and the broader gulf region by introducing its enterprise solutions and services.