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The corporate, based mostly within the United Arab Emirates, introduced on Thursday that it plans to supply 750 million shares on the Dubai Monetary Market by way of an preliminary public providing representing ten p.c of the corporate’s issued share capital.
The subscription interval for the preliminary public providing can be between March 16 and 24, and the shares are anticipated to be listed on the inventory trade by April 6.
The assertion mentioned that Abu Dhabi Industrial Financial institution, Emirates NBD Capital, and the Emirates Hermes Monetary Group have been appointed as joint coordinators for the preliminary public providing.”
Observe Emirates 24|7 on Google Information.
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