"Taleem" shares captured 45% of the liquidity of the Dubai market trading in the first hour of its listing

The shares of Education Holding Company, in the first hour of its listing on the Dubai Financial Market, during trading today, Tuesday, acquired 45% of the total stock market liquidity.

During the first hour of today's session, the liquidity traded on the company's shares listed today amounted to about 46.53 million dirhams, while the liquidity traded on the stock exchange amounted to about 103.3 million dirhams.

The shares of the “Taleem Holding” company decreased slightly in its first trading sessions, and the education is the first operator of private schools to be listed on the Dubai Financial Market since its inception, and it raised $ 204 million from an initial public offering.

Shares reached 2.89 dirhams ($0.79) on the Dubai Financial Market, compared to 3 dirhams per share price during the offering, in which Education sold 250 million shares.

The offering attracted $3.7 billion in investor demand, and the company priced the stock at the upper end of its price range.

The deal was a listing for the UAE markets, where government-owned companies have dominated initial public offerings this year.

Taaleem operates 26 schools across the country, offering British and American curricula in addition to the International Baccalaureate.

UAE markets expect more offerings next year with orders from several companies, including ADNOC's plan to sell a stake in its natural gas unit.

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