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Tecom Group, a member of the Dubai Holding group and owner and operator of 10 business districts in Dubai, has announced the offer price range per share and the start of the subscription for its initial public offering (IPO).
One of Dubai's biggest free zone operators, Tecom is heading for DFM listing July 5
RIYADH: Tecom Group, a member of the Dubai Holding group, has set the price range for its initial public offering at 2.46 dirhams ($0.67) to 2.67 dirhams per share. This values the company at $3.6 billion, Bloomberg reported citing people familiar with the matter. The people added that the Emirate government is seeking $454 million from the group’s IPO. The subscription period
The final offer price is expected to be announced on June 27, 2022.
Several Dubai, Abu Dhabi entities to launch IPOs in coming months