IFLR1000

Dubai Parks and Resorts AED1.7 billion rights issue

7/6/2016
Share offer
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AED 1.7 billion

$ 462.853 million

Completed

7/6/2016

Overview:

  • Dubai Parks and Resorts have undertaken a AED1.7 billion rights issue.
  • The company has listed 1,678,084,962 new shares at AED1 per share.
  • Arqaam Capital and Emirates Financial Services acted as joint bookrunners and joint lead managers.
  • The funds will be used to develop a new theme park 'Six Flags', the fourth theme park within the Dubai Parks and Resorts development.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Tourism

Firms:
Al Tamimi & Company

Party: Dubai Parks and Resorts (Issuer)

Clifford Chance

Party: Arqaam Capital (Joint lead manager)

Party: Emirates Financial Services (Joint lead manager)

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