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FINANCIAL NEWS
Abu Dhabi’s GMS to sell USD100 m worth shares
18 Feb 2014
(MENAFN) Abu Dhabi-based Gulf Marine Services (GMS) plans to sell shares on the London Stock Exchange for development projects’ plans, according to Arabian Business.
Once listed, the company hopes to reach USD1 billion in market valuation.
London was chosen by several firms as it gives access to a wider group of investors and more facilities in ownership than in the Middle East.
GMS will sell new shares worth USD100 million , as well as an undisclosed number of shares.
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