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Du announces final price for secondary public offering
Khaleej Times
|September 16, 2025
Emirates Integrated Telecommunications Company (du) on Monday announced the final offer price of Dh9.20 per share for its secondary public offering.
The shares were offered by Mamoura Diversified Global Holding, a subsidiary of Mubadala Investment Company.
The company sold 342.084 million shares, representing 7.55 per cent of du’s share capital. Based on the final offer price of Dh9.20, the offer will generate approximately Dh3.15 billion of gross proceeds for the selling shareholder upon settlement.
“The successful completion of our secondary public offering marks another important step in strengthening du’s capital markets profile. The offering increases du’s free float to 27.7 per cent, enhancing trading liquidity, broadening access to a wider base of investors,” said Fahad Al Hassawi, CEO of du.
This story is from the September 16, 2025 edition of Khaleej Times.
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