Able Logistics picks Shuaa to manage IPO


(MENAFN-Khaleej Times) dubai freight-forwarding company able logistics group has appointed shuaa capital as lead manager and bookrunner for its initial public offering later this year the investment bank said on sunday

Buyout firm growthgate capital plans to take able logistics group public on the dubai financial market around the end of 2014 growthgate which owns 70 per cent of able said earlier this month.


Able has annual turnover of about $200 million and operations across gulf arab countries and in hong kong.


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