Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 billion
markets1 hour ago
The Ajman Free Zone has identified five new key markets where it will set up hub offices this year as part of its global investor outreach strategy.
In a statement, AFZ said the free zone now houses over 22,000 enterprises from different parts of the world.
The new AFZ global offices this year will be in Azerbaijan, China, Switzerland, Canada and Hong Kong. In May, AFZ had opened its office in Cyprus and in Moscow in November last year.
"AFZ has sourced considerable overseas investments, out of which a substantial share is FDI sourced by the free zone's nine global offices. Over the years, the USP of AFZ as an investment destination have been acknowledged by global investors, especially for new entrepreneurs who would like to have a scalable platform to grow their business," said Mahmood Al Hashemi, director-general, AFZ.
"Our international offices help us reach out to potential investors on a sustainable basis. Geographically, AFZ has been registering a lot more diversity in the uptake of our smart investment packages which are tailor-made for startups, e-commerce firms and SMEs - and we have been registering increasing global interest, particularly from companies looking to have nimble marketing hub setups in this region," he said.
- business@khaleejtimes.com
Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 billion
markets1 hour ago
'Little did I realise that fortune and fate had a big story for me,' says the Indian actor
entertainment1 hour ago
The film is set to hit the theatres on December 5
entertainment1 hour ago
Flick praised Lewandowski who scored twice to join Ronaldo and Messi as the only players to reach 100 goals in Champions League
football1 hour ago
The leader pardoned them on the condition of their good record and conduct
uae1 hour ago
The event, set to take place on November 30, aims to raise awareness about diabetes and promote a healthy, balanced lifestyle
kt network1 hour ago
By immersing its diverse workforce in the nation's rich heritage, Keolis MHI highlights its commitment to reinforcing national pride and contributing to the UAE's vibrant and inclusive community
kt network2 hours ago
The event brought together an array of art forms, blending tradition with innovation, to celebrate the cultural richness of India while fostering harmony among diverse communities.
kt network2 hours ago