Dubai Taxi Company announced on Monday its intention to offer about 25% of its shares in an initial public offering and list it on the Dubai Financial Market.
The offering of 624.750 million shares was announced for Dubai Taxi Company, which represents 24.99% of the total issued shares in the company’s capital.
The value of one share is 0.04 dirhams. The final offering price will be determined by building the order book.
The subscription period begins on November 21 and ends on November 28 for individual investors in the UAE, and on November 29 for professional investors.
Trading in the Dubai market is scheduled to begin next December.
Many investors hope to participate in this offering, which is a unique opportunity to invest in the transportation sector in Dubai.
