The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
markets1 hour ago
There was a shopping frenzy in major malls across Dubai over the weekend with the citywide three-day Super Sale, which started on Thursday and will run until today.
Weekend mall footfall was expectedly higher than usual as shopaholics, bargain hunters, trendsetters, tourists, expats who are going home for summer holidays and even small-time traders all trooped to various malls to get the best buys. Much anticipation has been created around this mega sale, especially after the Dubai Festivals and Retail Establishment (DFRE) announced that this is only one of the two weekends in a year when shops are allowed to cut prices heavily.
Mall parking areas were reportedly full as early as Friday mid-morning and the Dubai Police tweeted traffic jams around the Financial Centre area and roads leading to The Dubai Mall, The Mall of the Emirates, and Mirdiff City Centre.
There were long queues to take a taxi and Metro carriages were also full of shoppers. But nothing could stop the shoppers to get the best buy.
Shoppers told Khaleej Times that they have been looking forward to this weekend, where more than a thousand outlets are offering huge discounts ranging from 30-90 per cent. Some have made cash savings to enjoy shopping worry-free while others used their ever-reliable credit cards for purchase and sales persons reported brisk sales, particularly for summer items.
Timelapse of crowd at @TheDubaiMall on the last day of #SuperSaleDXB - https://t.co/PFSl2Q9jSS (KT/Dhes Handumon) pic.twitter.com/Uedg9jVpur
- Khaleej Times (@khaleejtimes) May 20, 2017
Timelapse of crowd at @TheDubaiMall on the last day of #SuperSaleDXB - https://t.co/PFSl2Q9jSS (KT/Dhes Handumon) pic.twitter.com/O2kjYgjVG0
- Khaleej Times (@khaleejtimes) May 20, 2017
Scenes from a packed Deira City Centre on Friday night as #SuperSaleDXB' mania sweeps #Dubai - https://t.co/HTeS9kV4FG (KT reader) pic.twitter.com/k5DucpxSf3Pakistani expat Seem Shakeel is one of those shoppers who lined up to the mall on the first day of the sale.
- Khaleej Times (@khaleejtimes) May 19, 2017
Crowds gather at Deira City Centre on Friday night as '#SuperSaleDXB' mania sweeps #Dubai - https://t.co/HTeS9lcG4g (KT reader) pic.twitter.com/GPmTL4byoH
- Khaleej Times (@khaleejtimes) May 19, 2017
#SuperSaleDXB rush at @CityCtrDeira on the final day of the mega event! https://t.co/PFSl2Q9jSS #Dubai (KT reader) pic.twitter.com/il30GSBNPF
- Khaleej Times (@khaleejtimes) May 20, 2017
Timelapse of crowd building up at @TheDubaiMall on last day of #SuperSaleDXB - https://t.co/PFSl2Q9jSS (KT/Dhes Handumon) pic.twitter.com/zntcHMu5J8
- Khaleej Times (@khaleejtimes) May 20, 2017
#SuperSaleDXB: Huge crowds at Deira City Centre on Friday night - https://t.co/HTeS9kV4FG (KT reader) pic.twitter.com/BpZQ6g9cha"Some of them are traders who buy luxury items here in Dubai at a low price and resell them at the higher price back home," Salazar noted.
- Khaleej Times (@khaleejtimes) May 19, 2017
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
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