First Dubai Real Estate To Raise $294mTuesday, July 01, 2008
First Dubai Real Estate Development, a unit of the Kuwaiti property investment company Al Mazaya Holding Co, is seeking to raise as much as 77.9 million dinars ($294.2m) by selling stock to existing stockholders, reported Bloomberg. First Dubai will sell the shares for 100 fils each and use the funds to raise its capital by more than fourfold to 100 million dinars, the company said. Source: AME info
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