London IPO of Dubai’s Damac 75% covered

The $500 million London initial public offer of shares by Dubai-based DAMAC Real Estate is 75 percent covered, and the deal is set to price on Tuesday, according to a lead. The property firm opened …

Belhasa Group delays IPO plans amid downturn

The Dubai-based Saif Belhasa Group of Companies, a family owned holding firm, has delayed selling its shares to the public amid the economic downturn, its chairman has told Arabian Business. The firm, …