Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
Share subscription is due to close on 8 November for the initial public offering (IPO) in Abu Dhabi-based ADDAR Properties, which is expected to take over ADDAR Real Estate Services. The offering, which is open to UAE nationals and fully-owned local institutions and companies, covers 55 per cent – equivalent to AED 825 million ($225 million) – of ADDAR’s total capital of AED 1,500 million ($409 million). The remaining 45 per cent is held by 394 founders.