The UAE and Egypt look forward to enhancing the prospects for maritime investment between the two countries and developing the sector, especially with regard to innovation, creativity and research and development.
Tecom, the operator of 10 strategic, sector-focused business districts across Dubai and a key contributor to the rapid growth of knowledge and innovation-based sectors, has completed its DFM listing, raising AED 1.7 billion ($463 million) through an IPO.
DUBAI, 5th July, 2022 (WAM) TECOM Group announced that it has been successfully listed on the Dubai Financial Market (DFM) today, beginning its first day of trading under the ticker symbol "TECOM".
TECOM Group has successfully raised approximately AED1.7 billion through an Initial Public Offering (IPO). The final offer price of the Global Offering was AED2.67 per ordinary share, and the Company has floated 625 million (625,000,000) ordinary shares, which is 12.5% of its issued share capital.
The Global Offering drew substantial demand and.