Mohammed Sharaf

DPW makes efforts for share consolidation

Dubai-based global ports operator DP World is mulling to get shareholder’s approval for undertaking a 1-for-20 share consolidation. The move is aimed to lift share prices for earning high revenue. Firm’s Annual General Meeting is scheduled to take place on May 11, 2011 where the issue would be discussed.

The ports operator said in the statement, “The board believes that undertaking a 1 for 20 share consolidations will better position DP World’s share price alongside global companies with an earnings per share ratio that better reflects the value of the company.”

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