Investment bank plans at Al Ramz with IPO in consideration | The National:
"The Abu Dhabi-based stock brokerage Al Ramz Securities is considering an initial public offering amid ambitions to turn into a full-fledged on-shore investment bank.
Al Ramz, which ranked No 1 by traded value last month, has appointed an international investment bank and lawyers to prepare due diligence and valuation reports for the company’s board to review.
“Our board is encouraged with the recent increase in market valuations,” Mohammad Al Mortada Al Dandashi, the managing director at the stock brokerage told The National yesterday. “They think it should be a public and success story. We want to be able to advise on mergers and acquisitions, IPOs. We have the experience and expertise.”"
'via Blog this'
No comments:
Post a Comment