Salik Company on Friday announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares,
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UAE: 'Salik' Sets IPO Offer Price at Dh2 Per Share albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
The price for the Offering has been set at Dhs2.0 per share. The total Offering size is expected to be Dhs3 billion (US$817 million), implying a market capitalisation at listing of Dhs15 billion ($4 billion), a company statement said on Tuesday.