"Empower" stock rises in its first trading on the Dubai Financial Market
The share of "Empower" rose in the Dubai Financial Market by a significant rate of nearly 3.7%, to reach 1.38 dirhams in the first quarter of trading today, compared to the subscription price of 1.33 dirhams.
The share traded more than 91 million shares during the first 15 minutes of trading.
Today, Tuesday, the Dubai Financial Market witnessed the listing and start of trading in the Emirates Central Cooling Systems Corporation "Empower" within the public utilities sector, with the trading symbol "EMPOWER".
This listing is the fifth on the Dubai Financial Market during the year 2022, and the fourth among ten planned offerings of government and semi-governmental companies, and with its completion, the market value of the group will reach 13.3 billion dirhams, based on its final offering price, which was set last week at 1.33 dirhams per share.
Subscription to Empower shares began on Monday, October 31, by offering 10% of Empower's capital, equivalent to one billion shares, after which the volume of the offering was increased twice to reach two billion shares, equivalent to 20% of the total number of shares. its capital.
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