On every 19th of Ramadan, the country celebrates Sheikh Zayed Humanitarian Day to commemorate the humanitarian efforts of the founding father
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.
On every 19th of Ramadan, the country celebrates Sheikh Zayed Humanitarian Day to commemorate the humanitarian efforts of the founding father
Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time
For Asangaziev Elim, the holy month meant toiling for the less fortunate
Organised by the Emirates Red Crescent Society, this grand affair aimed to nurture a profound sense of inclusivity and belonging within the community
About 50 members of the Divine Mercy Apostolate joined the
Masterminds of extortion scheme also framed Bollywood actress, many others, according to Mumbai Police