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Amlak selects four banks to lead IPO.
(From MENA Business Reports)
Amlak Finance has announced the financial institutions that are to manage its Initial Public Offering (IPO) from January 18 to 28, 2004. Dubai Islamic Bank (DIB), National Bank of Sharjah and Dubai Bank have been appointed as the Receiving Banks and SHUAA Capital will be the Lead Manager.
Amlak is to offer 55 percent of its shares to the public at a price of Emirati dirham ($27) per share while the existing founding shareholders Emaar Properties …
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