Dubai – Mubasher: Shuaa Capital Company confirmed that it has held talks with multiple markets with the aim of listing one or more of its subsidiaries through a public offering..
The company added in a statement, that the matter is still in the very early stages, noting that it will notify the market once a decision is taken in this regard.
Yesterday, sources said that Shuaa Capital is considering putting up two of its subsidiaries for public subscription on the Dubai Financial Market.
She explained that the investment bank and the asset manager of “Shuaa Capital” are in talks with the Dubai Financial Market regarding the listing of “Stanford Marine Group” and “NMC Investment”.
The shares of Shuaa Capital rose during the trading session today, Tuesday, coinciding with news of the offering of two of its subsidiaries for public subscription on the Dubai Financial Market..
By 1:00 pm, UAE time, the stock rose by 8.7 percent, reaching a price of 0.8 dirhams.
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