Middle East Economic Survey
VOL. XLVIII
No 41
10-October-2005
UAE
Dana Gas IPO Heavily Oversubscribed
Dana Gas initial public offering (IPO) closed heavily oversubscribed on 3 October. The Dh2.06bn ($561mn) IPO is expected to have attracted more than Dh280bn ($76bn). Individuals and institutions of 87 nationalities applied for shares in the Dh1.27bn ($346mn) wholesale tranche of the IPO, while around 390,000 investors applied in the Dh700mn ($191mn) retail tranche open to small GCC investors, Gulf...
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