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Shuaa to manage share sale in June, says CEO

25 May 2010

The head of Shuaa Capital has said the firm plans to manage an initial public offering of more than Dhs1bn ($272m) in June, Bloomberg has reported. "If it is successful, and we'll only launch it if we think it will be successful, it will open up the market for future IPOs this year," Sameer al-Ansari told the news service. He declined to name the company.

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