Capital MSL, the international corporate and financial communications consultancy, announces its role in advising the Bank of London and the Middle East (BLME) on the first successful listing on NASDAQ Dubai in more than four years.
On 8th October, BLME, the largest independent wholesale Sharia’a compliant Bank in Europe, completed a successful primary listing on NASDAQ Dubai, demonstrating the Bank’s confidence in the development of the region’s Islamic industry and commitment to growing its business in the Middle East.
BLME listed 195,733,691 shares under the name ‘BLME Holdings plc’ on NASDAQ Dubai. The Bank raised no new capital and issued no new shares. The listing price of each new BLME Holdings plc share implied a market capitalisation of approximately $503 million.
Capital MSL provided strategic counsel, corporate communications and media relations support to BLME around the listing, focusing on building the Bank’s brand profile in the region by raising visibility among key media and investors. In addition, Capital MSL worked with the Bank on its first day of trading and provided post-offering communications support to BLME.
Kate Delahunty, Managing Director, Capital MSL Middle East, said:
“BLME’s listing on NASDAQ Dubai comes at a crucial time in the development of the UAE’s Islamic finance industry and brings Dubai closer to becoming an international centre for Islamic finance. We are very pleased to have collaborated in the success of the listing and look forward to working with BLME as the firm grows its business both in the Middle East and the UK.”
Humphrey Percy, BLME Chief Executive, added:
“I believe this was the right time to list given the current market conditions and the increasingly prominent role Dubai holds in the Islamic finance industry. Dubai’s ambition greatly supports BLME’s position as a market leading Sharia’a compliant Bank. “Capital MSL provided excellent counsel throughout the process and demonstrated a thorough knowledge and understanding of the local marketplace which undoubtedly contributed to the overall success of the listing.”
About Capital MSL
Capital MSL is an international corporate and financial communications consultancy that builds value enhancing leadership positions for its clients. The firm offers corporate and financial public relations, investor relations, transaction support and talent communications to a range of ambitious, international companies. Capital MSL is a member of MSLGROUP, one of the world’s top five PR networks. MSLGROUP is Publicis Groupe’s strategic communications and engagement group, advisors in all aspects of communication strategy: from consumer PR to financial communications, from public affairs to reputation management and from crisis communications to experiential marketing and events. With more than 3,400 people across over 100 offices in 22 countries worldwide, MSLGROUP is also the largest PR network in fast-growing China and India. MSLGROUP was recently awarded EMEA Corporate Consultancy of the Year by The Holmes Report. Learn more about Capital MSL at www.capitalmsl.com or follow on Twitter at @Capital_MSL.
About BLME
BLME is an independent wholesale Sharia’a compliant Bank based in London and is a leading provider of finance to the UK mid-market. BLME received FSA authorisation in July 2007 and is the largest of its peers in Europe. Led by a management team that brings together a combination of experienced international bankers and leading experts in Islamic finance, BLME has three key business areas; Corporate Banking, Treasury and Wealth Management, which includes Asset Management and Private Banking.
*This press release was published on 18 November 2013 by Zawya,com. Read the original article here.