Online retailer Marka says it is a step closer to IPO on UAE's Dubai Financial Market | The National:
"The Dubai Financial Market is close to gaining its first new listing in five years after Marka, a retailer, announced plans to launch a Dh500 million initial public offering.
The UAE-based company, which is under establishment, would become the country’s first publicly listed retailer.
“We are confident that this issue will be a great success, given the significant growth prospects enjoyed by the company on the one hand and the return of confidence to the financial markets on the other,” said Mahdi Mattar, the chief executive of CAPM Investment, a subsidiary of the UAE financial company Finance House, which announced the plan yesterday. It will be the lead manager of the IPO."
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