UAE telecom firm du announces sale of 342 million shares

UAE telecom firm du announces sale of 342 million shares

The shares have been offered for sale by Mamoura Diversified Global Holding. By selling 342,084,084 shares, the company will raise between Dh 3.078 billion to Dh3.386 billion

Telco du says Mubadala unit to trim stake in new share offering

Dubai-listed Emirates Integrated Telecommunications Company, operator of the du brand in the UAE, says it will launch a secondary share sale as a unit of Abu Dhabi’s Mubadala Investment Company intends to cut its stake. Mamoura Diversified Global Holding will sell more than 342 million shares, or 75 percent of its stake in the UAE telco. The stake represents 7.55 percent of du’s share capital. The transaction will increase du’s free float and im…

UAE’s du launches secondary public offering of Mamoura-shares

The price range has been set at between Dhs9 and Dhs9.90 per share, with the final offer price to be determined through a bookbuilding process and announced on September 15 The post UAE’s du launches secondary public offering of Mubadala-owned shares appeared first on Gulf Business.

Abu Dhabi’s Mubadala Launches Du Stake Sale

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