The business park operator TECOM Group announced its intention to sell a 12.5% stake to investors in an initial public offering and to list its shares on the Dubai Stock Exchange.
Tecom added in a document announcing the intent to offer, according to CNBC Arabia, that Dubai Holding Asset Management will sell 625 million common shares in TECOM in the subscription that It starts on the 16th of June and ends on the 24th of the same month.
The individual subscription period will start on June 14 and end on June 23, 2022.
The shares are expected to be listed and traded on the Dubai Financial Market on July 5th.
