Middle East Economic Survey

VOL. XLVIII

No 13

28-March-2005

UAE

Aabar Petroleum Investments To Launch IPO On 9 April

The newly-formed Aabar Petroleum Investments Company has announced that it is planning to launch on 9 April the IPO for 55%, or Dh495mn ($245mn), of its capital of Dh900mn ($245mn). The companys founders have already subscribed to 45%, or Dh405mn ($110mn), of the share capital and subscriptions to the remaining 55% will be offered to UAE nationals and companies only, at a cost per...