|
Initial Public Offering (IPO)
MITCON International started working
on the project of GulfNav in 2005. It advised on initial structuring of
company, business plan, reviewing previous business valuation and build
new business valuation model, capital structuring, private equity
placement with select investors, selection and appointment of lead
managers, corporate structuring, IPO valuation, appointment of auditors,
lawyers, bankers, pre IPO procedures, placement of IPO and listing of
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.
Open from 24th July 2006 to 7th
August 2006, for GCC individual and corporate investors only.
Now listed and traded on Dubai
Financial Market (DFM).
·
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
|
