Drake & Scull to launch IPO on DFM
United Arab Emirates: Tuesday, January 15 - 2008 at 09:37
UAE-based Drake & Scull International, an end-to-end service provider in the field of electrical and mechanical engineering, plans to sell 55% of its shares in an initial public offering on the Dubai Financial Market as early as the first quarter, reported Bloomberg. The company, which received regulator approval from the UAE capital market authority, will offer 20 million shares.
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Jeff Florian, Senior ReporterTuesday, January 15 - 2008 at 09:37 UAE local time (GMT+4)
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