FINANCIAL NEWS

New fashion company plans IPO in Dubai

09 Mar 2014

(MENAFN) A retailing company still being formed is planning for its first initial public offering (IPO) on Dubai’s main stock market in five years, Arabian Business reported.

The company will offer 55 percent of its equity, or 275 million shares, to the public in the IPO expecting to raise USD75 million.

The company, called Marka, will operate in the fashion retailing and food and beverage sectors in the UAE.

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