DP World decides to delist
On 17 February 2020, DP World (DPW or the company) announced its intention to delist from Nasdaq Dubai citing the board’s decisionthat the disadvantages of remaining listed outweigh the advantages. The top management was of the opinion that:
• The company needs more flexibility to react to industry changes driven by consolidation of shipping lines.
• Long-term investment cycles of the industry diverge from public shareholders’ shorter-term perspective.
• Listing has not provided the anticipated access to capital or other funding.
Understanding the corporate structure
Port & Free Zone World (PFZW) is a majority shareholder of DPW, holding ~80.5% of its shareholding with the remainder issued to
various market participants. PFWZ in turn is a wholly owned subsidiary of Dubai World, a conglomerate with interests in ports, real estate
and hospitality.
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