IPO
The IPO of Dubai Residential REIT raised $584 million, with overwhelming interest from local, regional and international investors
The final offer price was set at the top end of the price range, enabling the company to raise $584 million through the IPO
Tanmeyah’s portfolio grew by 36 percent, contributing to EFG Finance's strong performance
The revised offering size is expected to be between $568 million and $584 million
The range values the Dubai Residential REIT between AED13.9 billion and AED14.3 billion
Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter
Saudi Arabia's Umm Al Qura for Development & Construction led the quarter with the highest proceeds
IPO will include 33.83 million existing shares sold by current shareholders and treasury stockÂ
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Dubai Residential REIT is expected to be the GCC’s largest listed REIT, with a gross asset value of AED21.63 billion
The new issue is structured efficiently with PIF support from prepaid forward share purchase
