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Reading: The “Tecom” share was offered at 2.67 dirhams… and the subscription was covered by about 21 times
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Dubai News Club > Finance > The “Tecom” share was offered at 2.67 dirhams… and the subscription was covered by about 21 times
Finance

The “Tecom” share was offered at 2.67 dirhams… and the subscription was covered by about 21 times

Press Room
Last updated: 2022/06/28
Press Room
Published: June 28, 2022
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The “Tecom” share was offered at 2.67 dirhams… and the subscription was covered by about 21 times
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TECOM Group, a subsidiary of Dubai Holding, announced today the completion of the initial public offering of its shares, indicating that the final price of the share was set at 2.67 dirhams, i.e. at the upper end of the price range.

and attracted…

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For what purposes are payments made from the escrow account?
The Emirates Development Corporation provides funds worth 1.12 billion dirhams for food security
7.6% expected growth in the country’s gross domestic product during 2022
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29.4 billion dirhams increase in banking sector assets within a month

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