Dubai Holding IPO update

Dubai Holding increases IPO size of its Residential REIT

This would result in the company floating 15 per cent of the REIT’s issued unit capital instead of the previously announced 12.5 per cent DHAM REIT Management, a subsidiary of Dubai Holding, said on Monday that it increased the size of its initial public offering to 1.95 billion units up from 1.625 billion, due to strong demand from domestic and international investors. This would result in...

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