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UAE s Utico hires banks to advise on potential IPO

Utico plans share buyback ahead of IPO

Frank Richard Homan

Kings County Bookings

Cole Blake Tyler, 24. Suspicion of: Inflict Corporal injury on spouse/cohabitant/dating relationship related charges Steven Don Twoelk, 53. Suspicion of: Sexual penetration with force/fear/Etc, Spousal abuse, Threaten crime w/intent to terrorize, cause harm/death-elder/dependent adult, false imprisonment related charges Aavron Bernard Manning, 32. Suspicion of: Kidnap by force/fraud:bring/etc within state limits, Threaten crime w/intent to terrorize, Human Trafficking to obtain forced labor, False imprisonment, sell/give/transport/etc marijuana, damage/destroy any wireless com device related charges Cerenity M Gilmore, 18. Suspicion of: Assault w/deadly weapon: not firearm related charges Patricia Oeen Ransdell, 55. Suspicion of: Inflict corporal injury on spouse/cohabitant/dating relationship, Battery on person related charges

UAE utility company Utico wants a Dubai Financial Market listing

Dubai: A private utility company in the UAE plans to make a listing on Dubai Financial Market later this year, floating between 20-30 per cent of its shares. Utico, has multiple projects in the country and elsewhere in the Gulf, is aiming for a Dh3 billion valuation. The company is projecting forward multiples of about 11, and investors could expect a stable incremental dividend increase by 8-10 per cent thereafter, according to the promoter. “It is a co-incidence the government’s decree that all private joint stock companies and international private companies which derive greater than 50 per cent of their profits from the UAE to be listed in the local securities exchanges, said Richard Menezes, CEO of Utico.

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