The payment is subject to shareholder approval at its upcoming Annual General Meeting
TECOM Group listing
Latest in TECOM Group listing
Capital Markets
Experts optimistic of Dubai’s capital market, as TECOM Group debuts on DFM
The IPO comes as Dubai, and the wider Arabian Gulf region, aims to develop its capital market scene
Capital Markets
TECOM Group to debut on Dubai Financial Market on July 5
It said both retail and institutional tranches of the IPO were oversubscribed, with total demand reaching up to over AED 35 billion
Capital Markets
Video: TECOM Group’s IPO is the latest in a regional boom in public offerings
The company raised nearly $463 million in Dubai’s ‘most oversubscribed’ IPO
Capital Markets
TECOM Group completes Dubai’s most oversubscribed IPO, raising nearly $463 million
The company earlier announced it was listing 625 million ordinary shares through an IPO, representing 12.5 percent of its issued share capital
DFM
TECOM Group sets IPO price range to raise $454 million by listing 625 million shares on Dubai’s DFM
The price range for the IPO has been set at between AED 2.46 and AED 2.67 per share, implying a market capitalisation of between $3.4 billion and $3.6 billion
