Initial Public Offering (IPO) - Highlights

• IPO oversubscribed by 3.5 times. First General Assembly held on 21st Sept,06.

• IPO Size - 910 Million Shares of face value of AED 1 each, amounting to AED 910 Million, which is 55% of the total post issue capital of the company.

• Now listed and traded on Dubai Financial Market (DFM). (Traded@ 1.28 +)*

• Open from 24th July 2006 to 7th August 2006, for GCC individual and corporate investors only.

• Lead Manager and Financial Advisor - Shuaa Capital

• Company Advisor - MITCON International

• Lead Receiving Bank - National Bank of Abu Dhabi

• Co Lead Receiving Bank - Emirates Bank

• Legal Consultant - M/s Hadef Al Dhahiri

• Auditors - Ernst and Young

• Receiving Banks -

  • Abu Dhabi Commercial Bank

  • Abu Dhabi Islamic Bank

  • Dubai Islamic Bank

  • Emirates Financial Services

  • Finance House

  • First Gulf Bank

  • HSBC (United Arab Emirates - Bahrain – Oman – Qatar)

  • Mashreqbank

  • National Bank of Fujairah

  • Union National Bank