Sunday, 27 May 2018 12:39 GMT

Emirates Reit sets IPO price range

(MENAFN -Khaleej Times) dubai-based real estate investment trust emirates reit said on sunday that it set the price range for its initial public offer of shares at $1

The company valued at between $356.2 million and $408.6 million will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares it said in an e-mailed statement.

An investor roadshow for the ipo will run from march 23 to april 2; trading of the shares on the nasdaq dubai bourse is expected to start sometime in the following week the company added.

Emirates Reit sets IPO price range

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