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DFM to sell off 20%
- United Arab Emirates: Wednesday, December 28 - 2005 at 07:24
The government-owned Dubai Financial Market will offer up 20% of its shares in a public float, making it the first Middle East bourse to privatise. The stock will list on the DFM during Q1 2006, with the value of the bourse to be evaluated prior to the initial public offering. Analysts predict the move will be followed up by more privatisations of government owned businesses.
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James McInerney, News EditorWednesday, December 28 - 2005 at 07:24 UAE local time (GMT+4)
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