Nasdaq Dubai CSD looks after the shares of Malabar Investments on behalf of their owners. It provides a number of important services for Malabar Investments and its shareholders.
Who is Malabar Investments
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 at the historical city called Kozhikode in Kerala, India, Malabar Gold & Diamonds today has a strong retail network of over 260 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. Malabar Investments, the international investment arm of Malabar Gold & Diamonds, shifts its base to Dubai International Financial Centre (DIFC). Malabar Investments’ shares of international operations is registered with Nasdaq Dubai’s Central Securities Depository (CSD).
What are Malabar Investments and Nasdaq Dubai doing together?
Malabar Investments is a privately held company to join Nasdaq Dubai’s CSD (Central Securities Depository). This means that Malabar Investments Plc, which is based in DIFC, has deposited its shares in the CSD, which is a regulated and secure environment that performs several important functions.
What functions will the Nasdaq Dubai CSD perform for Malabar Investments?
The CSD looks after the shares of Malabar Investments on behalf of their owners. It provides a number of important services for Malabar Investments and its shareholders including:
Safekeeping: Nasdaq Dubai’s robust legal and regulatory framework underpins the safeguarding of assets held in its CSD.
Settlement: The CSD supports the transfer of Malabar Investments shares between buyers and sellers, by facilitating settlement of those transfers.
Corporate actions: The CSD offers companies a range of services in processing corporate actions (relating to any dividends, bonuses, consolidation, etc.) regarding securities held in the CSD.
Other services: The CSD has close links with international CSDs including Clearstream and Euroclear. These facilitate cross border transfers.
Will Malabar Investments' shares trade on Nasdaq Dubai
Malabar Investments remains a private company. It has not carried out an initial public offering (IPO) of its shares to the public, or raised capital in any way.
How can I buy Malabar Investments shares?
An investor wishing to buy shares of Malabar Investments can do so by contacting Malabar Investments directly.
Why is Malabar Investments joining Nasdaq Dubai's CSD?
The CSD provides security, credibility and transparency to Malabar Investments and its shareholders. It enhances public confidence as the company pursues its business activities and supports best practice corporate governance. It also strengthens the relationship with Nasdaq Dubai capitalizing on the expertise and the brand, and is assisting in increasing awareness of the capital markets. Joining the CSD can be a useful first step towards capital raising, including an IPO and share trading on the exchange, if the company ever decides to go along that route.
Visit our CSD page to know more about the CSD Service.
Is Malabar Investments a registered company in the UAE?
Malabar Investments is established as a holding company in the Dubai International Financial Centre (DIFC), which is the leading financial centre in the Middle East and ranked number 8 globally. Malabar Gold & Diamonds today has a strong retail network of over 260 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA.
Can other companies place their shares into Nasdaq Dubai's CSD?
Yes, a company anywhere in the world can place their shares into Nasdaq Dubai’s CSD as long as their local company laws allow them to do this. Nasdaq Dubai is preparing to welcome the shares of other private companies into its CSD. Shares of companies that are listed on Nasdaq Dubai are already held in the CSD. For listed companies, the CSD can perform functions such as settlement of securities that are traded and cleared on Nasdaq Dubai’s market. For more information please email Nasdaq Dubai at business@nasdaqdubai.com
