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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.
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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