Eshraq property firm plans IPO in February
Complex Made Simple

Eshraq property firm plans IPO in February

Eshraq property firm plans IPO in February

UAE property firm Eshraq plans to sell a 55% stake worth an estimated $224m in an initial public offering in February and list on the Abu Dhabi stock exchange, Reuters has reported, citing a banker close to the deal. Several UAE banks are involved in the IPO which will offers 825 million shares. Eshraq has a total capital of Dhs1.5bn ($408.4m), the Abu Dhabi-based banker said. "After the IPO, the shares will be listed on ADX," he said.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved