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UAE’s Amanat Holdings Dubai Share Sale To Open Oct. 20

UAE’s Amanat Holdings Dubai Share Sale To Open Oct. 20

The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until November 4, the company said in a statement.

United Arab Emirates-based Amanat Holdings, a healthcare and education start-up, will open subscriptions for its Dhs1.375 billion ($374 million) initial share sale on Oct. 20, it said in a statement on Wednesday.

The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until Nov. 4, said the statement, distributed to reporters at a media event.

Emirates Financial Services and National Bank of Abu Dhabi are lead managers for the initial public offer, with Shuaa Capital the offer manager, it added.

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