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Al Rawabi mulls floating 15% stake on UAE bourses

Al Rawabi mulls floating 15% stake on UAE bourses
Al Rawabi’s sales grew 10% year-on-year to AED 780 million in 2018

Dubai – Mubasher: Al Rawabi Dairy Company, one of the leading dairy and juice companies in Dubai, is considering offering a 15% stake of its capital on the UAE stock markets over the coming few years, the firm’s CEO said.

The conditions of the UAE equity markets over the previous period propelled Al Rawabi to postpone its initial public offering (IPO), Ahmed El Tigani said, adding the company’s performance indicators are good.

The company is achieving profits and excellent sales on both the local and overseas markets.

Al Rawabi’s sales grew 10% year-on-year to AED 780 million during the full-year 2018.