Sunday 11 January 2015

240 million Massar shares up for subscription in Abu Dhabi IPO | The National

240 million Massar shares up for subscription in Abu Dhabi IPO | The National:



"The Massar IPO on the Abu Dhabi Securities Exchange opens for subscription by investors from Sunday, the company has confirmed.



About 240 million shares will be sold at Dh2.40 each, valuing the 40 per cent stake at Dh576 million. Emirati retail investors will be eligible to subscribe to one-fifth of the total on offer, with the balance reserved for national investing institutions.



The subscription period will last for 2 weeks and will close on Sunday, January 25, Massar said."



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