Tecom Group sets IPO price range between Dh2.46, Dh2.67
Dubai's business park operator set to raise Dh1.7 billion through public offering
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Dubai's business park operator set to raise Dh1.7 billion through public offering
UAE's recent crop of IPOs have focussed hard on dividend policies to net investor buy-in
The company expects to pay a dividend amount of Dhs800m per annum over the next three years.
The latest Tweet by Bloomberg states, 'Dubai plans to sell a 12.5% stake in business park operator Tecom Group in an IPO, the second offering by the government this year to boost trading volumes and increase liquidity on the exchange ...' Dubai Plans to Sell a 12.5% Stake in Business Park Operator Tecom Group in an IPO, the ... - Latest Tweet by Bloomberg.
Tecom Group, a member of the Dubai Holding group and owner, manager and operator of 10 strategic, sector-focused business districts across Dubai, today announced its intention to proceed with an initial public offering (IPO).