Following a resolution by its board, BLME Holdings, the parent company of Bank of London & The Middle East, will cease trading on Nasdaq Dubai.
The resolution is subject to approval from Dubai Financial Services Authority (DFSA), the company said in a statement to Nasdaq Dubai.
The company will take steps to re-register BLME as a private limited company in accordance with the United Kingdom’s Companies Act 2006, the statement said.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
imogen.lillywhite@refinitiv.com
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