33.2 billion dirhams, revenue from offering 6 companies

A monitoring of «Emirates Today», based on the Dubai Financial Market data, revealed that the revenues of government proposals in the Dubai Financial Market of six companies, namely: “Diwa”, “Tikom”, “Salik”, “Embower”, “Dubai Taxi” and “Burken”, amounted to about 33.2 billion dirhams, with the size of record requests of 1.069 trillion dirhams.

The price of the Dubai Electricity and Water Authority (Diwa), whose shares were listed on April 12, 2022, increased by 11.29%, recording 2.76 dirhams at the closure of Friday, September 12th, compared to the price of the offering of 2.48 dirhams, while the offering revenues reached 22.3 billion dirhams, with the volume of requests for 315 billion dirhams, and with a coverage of 14 times.

In turn, the arrow of the “Tikom” group, whose shares were listed on July 5, 2022, grew by 25.84% to 3.36 dirhams, compared to a price of 2.67 dirhams, while the offering revenues amounted to 1.7 billion dirhams, with a volume of requests for 36.4 billion dirhams and coverage 21 times.

The “Salik” shares also increased by 214.5%, recording 6.29 dirhams, compared to a price of two dirhams, and the revenues of the offering amounted to 3.7 billion dirhams, with a volume of requests for 184.2 billion dirhams and 49 times.

As for the share of the Emirates Central Cooling Systems Corporation «Imbauer), whose shares were listed on November 15, 2022, it increased by 29.32% to 1.72 dirhams, compared to the price of the offering of 1.33 dirhams, and the offering revenues amounted to 2.7 billion dirhams, with a volume of requests for 124.6 billion dirhams and with a coverage of 47 times.

In turn, the shares of the “Taxi Dubai” company increased by 43.24%, recording 2.65 dirhams compared to a price of a launch of 1.85 dirhams, and the offering revenues amounted to 1.2 billion dirhams, with a volume of requests for 150 billion dirhams and covered 130 times.

The price of the shares of the company “Parkin”, which was included on March 21, 2024, increased by 180.47%, recording 5.89 dirhams compared to the price of the offering of 2.1 dirhams, while the offering revenues amounted to 1.6 billion dirhams, with a volume of requests for 259 billion dirhams, and at 165 times.