13 Sep 2012
(MENAFN) Dubai-based Daman Investments unveiled plans to launch a second round of funding, Arabian Business reported.
CEO Shehab Gargash said that the company is preparing to sell 800,000 shares, which are expected to be sold for more than USD74 per share. He declined to say when.
The company has increased its shareholder base in June, as it sold a 22.7 percent stake through a private placement which values the company at USD119.8 million.
Daman Investments originally planned an IPO before the end of 2012, but in August it said it would postpone it until 2015 because the market environment is not ready.
Daman’s plan is for one third of the company to be publicly held, while the original investors retain a third and the rest is held by investors that came in between such as the recent private placement.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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