Dubai Parks & Resorts to list on DFM

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Dubai Parks and Resorts expects to list on the Dubai Financial Market on December 10 following the completion of its Dh2.5 billion ($680.7 million) initial public offer, the company said.

Dubai Parks & Resorts to list on DFM

Dubai Parks & Resorts to list on DFM

The firm, part of Meraas Holding, sold 40% of its shares at Dh1 each share.

Of this, 40% was sold to particular investors and 60% to establishments.

The tranche start to retail investors was many times covered, the company said in Wednesday’s statement. This was reported during the institutional portion of the offering had also been well oversubscribed.

Dubai Parks and Resorts is expanding an entertainment area in the emirate that will include theme parks and other enticements.

Mohamed Dekkak