IPO plans in UAE

Dubai’s Samana Developers to launch IPO next year, offload around 20% stake

The developer currently commands four per cent market share of the Dubai property market Dubai property firm Samana Developers plans to launch an initial public offering (IPO) next year and offload around 20 per cent of its shares, its chief executive said. In an interview with Khaleej Times, Imran Farooq revealed that the developer plans to raise funds through a $300 million (Dh1.1 billion)...

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