Author: Arabian Media staff
image: du Emirates Integrated Telecommunications Company (du) has launched a secondary public offering of shares held by Mamoura Diversified Global Holding (Mamoura), a subsidiary of Mubadala Investment Company, in a move that will boost its free float and trading liquidity. The transaction will see Mamoura sell up to 342,084,084 shares, representing 7.55 per cent of du’s share capital and 75 per cent of its stake in the company, du said in a statement. The price range has been set at between Dhs9 and Dhs9.90 per share, with the final offer price to be determined through a bookbuilding process and announced…
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Image credit: Saudi Press Agency/ Website In a move designed to better accommodate students, early-shift workers, and morning commuters, Riyadh Metro will now start daily operations at 5:30am, the city’s public transport authority has confirmed. This schedule adjustment comes in direct response to growing commuter demand and is aimed at reducing congestion during peak hours, particularly on busy corridors. Image credit: Saudi Press Agency/ Website Officials stated that the change is also part of Riyadh’s broader push to cut private vehicle use and improve air quality, a Saudi Gazette report said. Read more-Riyadh Metro: 5 ways it will boost transport…
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