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FinancialNews
09-06-22
Dubai registers 12.5 percent of Tecom via IPO on Dubai Financial Market
(MENAFN) Dubai is going to register 12.5 percent of the Tecom Group, the executive of business districts that are home to over 7,800 firms, on the Dubai Economic Market as part of a series of early public offerings of state enterprises targeted at increasing the extent of the emirate's capital market.
On Thursday, the firm stated that Dubai Holding is going to trade 625 million stocks in Tecom, which includes 10 business regions that contains Dubai Internet City, Dubai Media City as well as Dubai Design District.
The price variety for the listing is going to be declared on June 16, the same day when the IPO launch.
The subscription span of time for the first tranche of retail financiers and third tranche is going to start from June 16 to June 23.
MENAFN09062022000045014228ID1104347752
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