The media company "Blumberg" reported that sources close to the situation stated that the government investment institution of Dubai plans to attract up to 500 million dollars (1.835 billion dirhams) through an initial public offering of shares of the construction company "Alic"...
As noted, the funds attracted this way will be used for financing a number of large projects in the construction sector. Details of this offering and specific dates for its implementation are not currently disclosed.
"Alic" is a widely known company in the field of engineering services and construction, executing projects in the territory of the UAE and beyond. The upcoming public placement of shares may become one of the significant events on the fund market of the region in the near future.
Negotiations on the potential IPO of "Alic" are being conducted with the participation of several international financial institutions, however, at this moment, there is no official information about the participants and dates of this operation.
