Press Release: Eshraq Properties offers shares worth Dhs825m at initial public offering
UAE based real estate company Eshraq will be holding an initial public offering (IPO) from May 1 till May 11, 2011, as it aims to restructure itself from a private shareholding entity to a public shareholding company. Eshraq will be offering shares worth Dhs825m, equivalent to 55% of the company's total capital, with each share amounting to Dhs1, as was announced during a press conference held today.
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