The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO
The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share
The two entities are collaborating to build a network of community retail outlets, including hypermarkets, supermarkets, and other retail stores
The indicative share price of Dhs1.94 and Dhs2.04 per share implies a market valuation of around $5.74bn (Dhs21.07bn)