Sama 2.0 will answer real-time questions, help travellers design curated travel experiences, and find answers for customers
The company announced a price range between Dh5.70 and Dh6.90 per share, valuing the company's market cap at nearly Dh25.2 billion, it said in a statement on Thursday.
Subject to demand, around 10 per cent of shares will be available to retail investors and the remaining 90 per cent to institutions.
Emaar Development's IPO - which went on sale on Thursday - had received an approval of up to 30 per cent but the parent company is selling only 20 per cent to investors.
"Historically, we have seen amazing IPO subscriptions come in for all Emaar offerings. At the upper-end of the listing price, the company is valued at around Dh27.6 billion. This is at a 14.5 per cent premium to the estimated asset value of Dh24.2 billion.
This should see huge interest from retail and institutions. We expect the IPO to be oversubscribed six to seven times," said Bal Krishen, CEO, Century Financial Brokers.
Sama 2.0 will answer real-time questions, help travellers design curated travel experiences, and find answers for customers
Spot gold was slightly down at $2,335.13 per gram on Monday
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
The 51-year-old recently competed in the Masters Indoor World Cup — his 10th international tournament since undergoing surgery
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE