The construction company Arabtec Construction LLC (ACC) plans to conduct an initial public offering (IPO) on the Dubai Financial Market to attract investments. The company's General Director, Mohamad Al Rashid Al Qam, confirmed that they have started the process of studying the IPO and are also working in this direction with its shareholders and the board of directors.
In the event of a successful placement of ACC's shares, it will be the first construction company to conduct an IPO on the Dubai Stock Exchange. The General Director noted that the company aims to increase investment, as well as to enhance the transparency of the business. After completing the market study process, the company plans to determine the size of the proposed capital issuance.
"This is an important step in the development of ACC. We consider the IPO as an opportunity for investors to participate in the company's growth and support its expansion strategy," emphasized the General Director.
