Ajman Bank IPO reaches Dhs48bn
United Arab Emirates: Monday, March 03 - 2008 at 14:05
Ajman Bank reported its initial public offering was 85 times oversubscribed. More than 211,000 UAE and non-UAE investors applied for shares in the Offer, submitting approximately Dhs48bn. The shares were priced at Dhs1 each, with a minimum subscription of 2000 shares.
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Medilyn Manibo, Assistant News EditorMonday, March 03 - 2008 at 14:05 UAE local time (GMT+4)
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