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Subscription was due to begin on 14 August for the initial public offering (IPO) in the recently established Arabian Technical Construction Company (ATCC). Investors will be offered 220 million shares, or 55 per cent of the joint stock company’s shareholding capital of AED 400 million ($109 million). The minimum subscription is 100,000 shares at AED 1 ($0.38) per share. The offer will be open to both local and international investors and will close on 23 August.