UAE action on rights issue pricing
United Arab Emirates: Wednesday, June 02 - 2004 at 08:04
The Emirates Securities and Commodities Authority has established new rules for the pricing of rights issues. The premium will be valued according to a formula which offers a better reflection of the true value of the share. This is the latest reform from the ESCA which is working to improve the mechanisms of the UAE bourse.
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Peter J. CooperWednesday, June 02 - 2004 at 08:04 UAE local time (GMT+4)
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