The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
A per share price of Rs 30 has been fixed and the application could be submitted for 500 shares only, requiring Dh934 from applicants in the UAE. By this IPO, the Government of Pakistan is off-loading its 20 per cent stake in 176 million shares of the company, with a green shoe option.
Subscription which started yesterday would remain open till Thursday, during the banking hours. Six banks had been appointed as overseas bankers to the Offer, it included Habib Bank Limited and United Bank in Bahrain, Habib Bank Limited in Oman, while in the UAE Habib Bank Limited and United Bank. In Qatar, UBL is providing service to the investors.
This was in line with the government’s policy of transferring the benefits of privatisation to the common man under the slogan, ‘Privatisation for the People’.
According to industry sources, Kapco IPO will generate good response from investor community following company's good operational record and profits. More than 316,000 applicants are expected to benefit from Kapco IPO.
The listing of Kapco would significantly increase market capitalisation in Pakistan besides bringing in a worthwhile addition to the power sector companies, listed on countrywide stock exchanges.
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
Dubai Police have asked drivers to be extra cautious
transport9 hours ago
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket10 hours ago
Dubai Police have asked drivers to be extra cautious
emergencies10 hours ago
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
uae11 hours ago
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
mena11 hours ago
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
uae holidays12 hours ago
Traffic will be diverted to the opposite side during this period
transport13 hours ago