Dubai Holding weighing IPO of TECOM Group: Sources

Published: Updated:
Read Mode
100% Font Size
1 min read

Dubai Holding, the investment vehicle of Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum, is weighing an initial public offering of business park operator TECOM Group, three sources told Reuters.

For the latest headlines, follow our Google News channel online or via the app.

US investment banks Morgan Stanley and Goldman Sachs and Swiss bank UBS are close to securing a mandate for roles on the public share sale, said the sources, who declined to be named as the matter is not public.

TECOM and Dubai Holding did not immediately respond to a request for comment. Morgan Stanley and Goldman Sachs declined to comment.

Read more:

Saudi Tadawul Group to offer 30 pct of company’s capital in IPO

Volvo shares soar after company’s IPO

Abu Dhabi launches $1.4 bln IPO fund to boost stock market

Top Content Trending