(MENAFN - Khaleej Times) The company will focus on the retail and food-and-beverate sectors in the uae and the broader gcc region
Marka will offer 275 million shares for public subscription in an ipo to be launched from april 13 to 24 across the country — the first ipo of shares on dubai’s main stock market since 2009.
The securities and commodities authority has approved the ipo.
The company will focus on the retail and food-and-beverate sectors in the uae and the broader gcc region. both sectors are witnessing increased activity due to growing demand from both residents as well as the increasing number of tourists visiting the country.
Jamal al hai chairman of the founders committee of marka put the total paid-up capital at dh500 million.
Dr. mahdi mattar ceo of capm investment a subsidiary of financial house said that the 55 per cent of the company’s shares will be offered at the price of dh1 per share plus a subscription fee of three fils per share.
The ipo will be open to investors of all nationalities.