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Talk of IPO date is mere speculation – Al Habtoor

Talk of IPO date is mere speculation – Al Habtoor

 

By: Amr Fouad

Dubai – Mubasher: Al Habtoor Group Director of Media and Communications Noura Badawy told Mubasher in a statement that the Company has been examining launching an initial public offer (IPO) on the Dubai Financial Market (DFM) for years.

Any comments from stock markets or the media about a possible IPO or a set date for it, is mere speculation, Badawy told Mubasher, adding that the Company has not officially made any announcements regarding a date or size of the IPO.

Local media had reported that Al Habtoor Group was examining launching an IPO at the start of 2015. Media sources had also revealed that the Company was planning to launch 30% of its capital for public subscription.

The Company constantly examines and re-examines its investment options regarding its future strategies, Badawy highlighted in her statement.

 

Translated by: Nada Adel Sobhi

 

Photo Credit: Arabianeye-Reuters