logo
0 likes

Dubai parks IPO to list on Dec 10

dubai airportDubai Parks and Resorts expects to list on the Dubai Financial Market on Dec. 10 following the completion of its 2.5 billion dirham ($680.7 million) initial public offer, the company said on Wednesday.

The firm, part of Meraas Holding, sold 40 percent of its shares at 1 dirham per share. Of this, 40 percent was sold to individual investors and 60 percent to institutions.

The tranche open to retail investors was multiple times covered, the company said in Wednesday’s statement. It reported on Friday the institutional portion of the offering had also been well oversubscribed.

Dubai Parks and Resorts is developing an entertainment area in the emirate that will include theme parks and other attractions.

 

Notice an issue?

Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

Loading next story…

Related news

Just in:
Telegram seeks .gram domain for user web identities // tridorian launches Gemini Enterprise Experience Center in Singapore to help enterprises turn AI ambition into business outcomes // 10Life Test: Airline Add-On Travel Insurance Priced by Airfare — Same Coverage, Premiums Differ by up to 34% // Warsh Fed will do nothing to derail rally in US bank shares // Trump rejects Iran truce extension as Lebanon flares // JSCCIB Joins Forces with Public Sector and World Bank to Launch “The Bangkok Business Summit 2026: Reinvent Thailand, Resilient ASEAN” // UK fraud filings reach first-half record // Employed but stuck: Malaysia’s resilient labour market masks a career mobility gap // Aramco offers Asian refiners crude via Fujairah // Dubai tourism recovery gathers pace with flight returns // NASA ground software flaw exposes spacecraft commands // Alpro Group and AstraZeneca Collaborate to Advance Early Detection Across the Cardio-Kidney-Metabolic Spectrum and Raise Awareness of Hyperkalemia // allnex Announces the Next SCA Capacity Investment In APAC // At Just 27, Hamdan Bin Turki Al Mehairi Is Building One of the Most Ambitious Business Groups // GitHub Actions reliability falls below enterprise benchmark // India pushes coal gasification to reduce import risks // Oil prices climb as Iran tensions deepen // CodeRabbit secures $143 million for AI governance push // Building a Global EV Footprint: How VinFast and Local Partners Power Middle East Expansion // Saudi Arabia raises US Treasury holdings to $142.5bn //