Dubai-basedW Motors last week teamed up with Nasdaq Dubai,as the first manufacturer of high-performance luxury Hypercars in the Middle East gears up for new expansion.
To officially welcome the brand, the renowned Nasdaq Tower in Times Square, New York offered an extraordinary brand showcase highlighting the company’s incredible milestones, and placing it even more firmly on the world’s automotive stage.
W Motors has become the first private company to deposit its shares in Nasdaq Dubai’s CSD (Central Securities Depository). Joining the CSD enhances W Motors’ links to investors and can be a step on the route towards a variety of financing solutions. The CSD looks after shares on behalf of their owners in a trusted environment and facilitates share transfers between investors.
W Motors has established a holding company, W Motors Automotive Group Holding Limited, in the Dubai International Financial Centre (DIFC), the leading financial centre in the Middle East. Transfers of ownership of all shares in W Motors Automotive Group Holding Limited will take place securely in Nasdaq Dubai’s CSD. Trading will take place off-exchange and W Motors remains a privately held company.