DFM lists Takaful Emarat rights issue shares

Dubai-Mubasher: Dubai Financial Market (DFM) said it listed rights issue shares of Sharia-compliant insurer Takaful Emaraton the electronic clearing system, according to a bourse statement on Sunday.

The company previously announced that it raised AED 50 million during the first tradable rights issue launched on 1 November and closed on 12 December.

The rights issue was 36.51% oversubscribed with AED 68.257 million shares subscribed.

Mubasher Contribution Time: 03-Jan-2016 05:58 (GMT)