21 Jun 2010
(MENAFN) RAK Ceramics said that it has received collections of more than $258.6 million in an initial public offering by its Bangladesh subsidiary, setting a record for initial public offering (IPO) collections in the country, Gulf News reported.
The company has a 30 percent share in Bangladesh’s ceramic tiles market, producing 15 million square meters per year.
RAK Ceramics, which has been operating a joint venture in Bangladesh since early 2000, has also become the first company in Bangladesh to launch its IPO as per the Dhaka Stock Exchange recommended book building process, a modern pricing mechanism for IPOs introduced in March last year.
The public portion of the IPO was around 15 times oversubscribed, setting another record as the highest oversubscription in Bangladesh for an issue size greater than $5 million.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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