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Asharq Al-Awsat

Business

Abu Dhabi - Asharq Al-Awsat

Dubai’s TECOM Draws Orders Worth $9.6Bln for IPO

Tecom Dubai IPO Middle East

A picture shows a view of the Dubai skyline, including Burj Khalifa the world's tallest building, in the United Arab Emirates, on June 20, 2022. (AFP)

Dubai business park operator TECOM Group said on Monday it drew orders worth $9.63 billion for its initial public offering, the latest Middle East listing to attract strong investor demand amid a boom in regional share sales.

It had previously announced setting the final offer price for its IPO at AED2.67 ($0.72) per share.

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