According to Arab Net, the company said in a statement that the subtraction includes a minimum of 239.8 million normal shares, accounting for 20% of the total number of ordinary shares issued in the capital of the triple star of the transmissions and a maximum of 287.76 million shares, the size of a deal will be 24%.
The company announced a price range between 2.20 and AED 2.70 per share, indicating a market capitalization when accounting for approximately 2.64 billion dirhams, and returns from the company's basic component will be about 438 million dirhams to 537 million dirhams, The bilateral component will amount to AED 90 million to AED 240 million.
The subtraction is available to qualified investors only, starting the period of the subscription from today and ending on April 15, 2021, with the expectation of proposals in the Dubai Financial Market on 22 April 2021, subject to market conditions and regulatory approvals in the United Arab Emirates, including approvals from the Paper Authority Finance and Commodities.
The Triple Transport Star Company has announced up to 24% of the total regular stock exported in the capital of the Triple Star Company after subtraction.
The subtraction includes the issuance of 199 million new shares, as well as a secondary subtraction of 88.76 million current shares by the current shareholders.
The Triple Star Transport Company was established in 1998 as a land transport service for the oil industry in the United Arab Emirates. The group is trying its business in 21 countries and regions across three continents and has more than 2,000 out of road transport and 35 naval shipments, including 69 fuel depots More than 100 locations for fuel supply in remote places, providing a large range of integrated service offers.
