Offering could raise up to Dh3.39 billion as Mamoura Diversified trims stake; retail and institutional investors invited to participate Emirates Integrated Telecommunications Company (du), the UAE’s second-largest telecom operator, has announced the launch of a major share sale involving 342,084,084 shares listed on the Dubai Financial Market (DFM). The nominal value of each share is Dh1, representing 7.5467 per cent of the company’s total issued shares. The shares have been offered for sale by Mamoura Diversified Global Holding (formerly Mubadala Development Company PJSC), which previously held a 10.0622 per cent stake in du. Following the offering, its ownership could shrink … Continue reading UAE Telecom Giant du Announces Sale of 342 Million Shares