Dubai-based property firm goes to London for $500m flotation

By Andrew Griffin
08 Nov 2013

Damac, a Gulf-focused property firm, is set for a $500m London listing that was launched on Monday as it attempts to take advantage of increasing optimism towards Middle East property.

Hussain Sajwani, Damac's chairman and founder, will sell $500m of London-listed global depository receipts in the deal, which is expected to put less than 25% of the company into free float.

Citi and Deutsche Bank are joint global co-ordinators and joint bookrunners. Samba Capital’s investment banking arm and ...

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