Mithaq IPO sees strong response

ABU DHABI - The initial public offering floated by Mithaq Takaful Insurance, a Dh150 million capital Shariah-compliant company under establishment, has been eliciting overwhelming response, beating all expectations, according to Abdullah Saeed Al Qubaisi, chairman of the founders committee of the company.

By A Staff Reporter

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Published: Wed 30 Jan 2008, 8:59 AM

Last updated: Sun 5 Apr 2015, 12:36 PM

About 82.5 million shares, representing the 55 per cent of the company's shares, were floated at a nominal value of Dh1 per share.

Al Qubaisi expected more investors to turn out to apply for the shares of Mithaq, the third Islamic insurer in the UAE.

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