Individuals purchased “Imbauer” shares of the Emirates Central Refresh Corporation today, Monday, when trading began.
After opening up one billion shares for public subscription, Embower will double the amount of the offering to two billion shares, or 20% of its entire capital.
Embower upped from 1 the volume of the offering allotted to the second segment of qualified investors.
4 billion shares, or 14% of the company’s shares, were converted into 1. 9 billion shares, or 19% of the company’s shares.
The number of shares made available to the individual investor segment has not changed and will continue to be 100 million Ordinary Shares.
According to “Embower,” the subscription period is still open and ends today, November 8, with qualified investors.
After the offering is complete, “Dubai Electricity and Water – Duaa” will acquire ownership of 56% of the shares of Tikom-affiliated companies “Embower” and “Emirates Power,” which are held by 24% of its shares.
The general offering’s price range was established at 1.31 to 1.33 dirhams per share.
On Tuesday, November 15, 2022, it is anticipated that the company’s shares will be added to trading on the Dubai Financial Market.
The individuals’ “membership to the UAE” Imbbaru “offering today comes to an end
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