Dubai Parks and Resorts plans $680m IPO

By Richard Metcalf
12 Nov 2014

Dubai Parks and Resorts, a subsidiary of Meraas Holding, has announced plans for an IPO of Dh2.5bn ($680m), to fund the construction of a multi-theme park project at Jebel Ali.

Meraas, a state-owned investment company, will sell 40% of DPR to investors at Dh1 a share. The resulting market capitalisation of the company will be Dh6.3bn ($1.7bn).

Goldman Sachs and HSBC are global coordinators and bookrunners on the IPO, which will be run from London syndicate desks. EFG Hermes ...

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