Dubai's Tecom IPO hits Dh35b mark from heavy subscriptions, share price set at Dh2.67
Retail investor participation is a record for DFM IPO with nearly 40x over-subscriptions
Stay updated with breaking news from Tecom Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Retail investor participation is a record for DFM IPO with nearly 40x over-subscriptions
Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8
Tecom shares are expected to debut on the Dubai stock exchange on July 5
The Arab Fashion Council (AFC) and Dubai Design District (d3) said that the next edition of Men’s Ready-To-Wear Arab Fashion Week - Spring-Summer 2023 edition will take place from June 28 to 30 at d3.
Tecom Group, which own, manage and operate 10 business districts across Dubai, will float 625,000,000 ordinary shares.