PWC Logistics announced today that it will be listed for trading on the Dubai Financial Market (DFM) beginning Wednesday February 15, 2006.
The company is currently listed on the Kuwait Stock Exchange, ticker symbol WARE, and is also included in the Dow Jones DIFC Arabia Titans 50 Index.
Global Investment House, a leading regional investment company, has an extensive history acting as a listing advisor for many prominent companies around the region.
Mr. Omar M. El-Quqa, Executive Vice President at Global commented: “Listing a company on the DFM is a delicate process that requires thorough management and we are proud to have assisted PWC Logistics through this process.”
Founded in 1979 and headquartered in Kuwait, PWC Logistics is a leading global provider of integrated supply chain solutions. PWC Logistics' core services include warehousing, transportation and freight management. Globally, the company has over 17,000 employees in more than 450 offices located in over one-hundred countries spread across six continents. Throughout the Middle East, PWC Logistics manages approximately 12 million square meters of real estate and operates 600 thousand square meters of warehouse space and over 3,000 trucks.
For the first three quarters of 2005, the company reported total operating revenues of KD 242.2 million and the company’s net profit for that period was approximately KD 111.6 million. Its total current assets were KD 468.3 million, while total assets were KD 1.0 billion.
PWC Logistics and Global officials will discuss the company’s financial history and strategy at a seminar to be held on Tuesday, February 14th at the Grand Hyatt Hotel in Dubai.
About PWC Logistics
PWC Logistics is a global provider of integrated supply chain solutions, with more than 450 offices located in over one-hundred countries spread across six continents. Through its network of warehousing facilities and transportation and freight management services, PWC provides its customers with flexible solutions tailored to meet their business needs.
PWC Logistics is a publicly traded company listed on the Kuwait Stock Exchange, ticker symbol WARE, and included in the Dow Jones DIFC Arabia Titans 50 Index. For more information about PWC Logistics, please visit www.pwclogistics.com.
