DUBAI: Toll operator Salik raised 3.73 billion dirhams ($1.017 billion) in an initial public offering on the Dubai Financial Market, according to a statement.
The IPO was oversubscribed 49 times across all tranches, with gross demand totaling 184.2 billion dirhams. Its offering price was 2 dirhams per share, giving it a valuation of 15 billion dirhams.
In comparison to the previously announced 1.5 billion shares, equivalent to 20 percent, the government has sold more than 1.86 billion shares of the company or 24.9 percent.
Pakistan’s suspected procurement of China’s LD-2000 close-in air defence system could carry implications extending well…
Turkish armoured vehicle manufacturer FNSS has unveiled a new heavy unmanned amphibious combat platform designed…
Annadale Community Garden Group is one of four groups or individuals in the running for…
The United States and South Korea have begun their annual joint military exercises under an…
It was during a ceremony at a settlement in the occupied West Bank last September…
In its statement on Wednesday, the IDF said the presence of an armed guard with…