SHUAA Capital, released today the terms of the offering for Deyaar's Initial Public Offering (IPO) for AED 3.178 billion offered over 3.178 billion shares..The UAE regulators have already granted their approval to launch the IPO on May 6. Subscription to the offering, representing 55% of Deyaar's share capital, will be open to UAE and GCC nationals only. Shares are priced at AED1.00 per share, in addition to 2 fils (AED0.02) as offering costs. The IPO is slated to close on the 16 May 2007. SHUAA Capital is the Lead Manager, Financial Advisor, and Sole Bookrunner for the transaction. Millennium Finance Corporation is co-lead manager, with Dubai Islamic Bank acting as the Lead Receiving Bank, and the National Bank of Abu Dhabi as co-lead receiving bank. Contine to the full story from sourse.
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