Dubai-Mubasher: Dubai Parks and Resorts said its AED 1.68 billion rights issue was oversubscribed at the end of trading on 23 May 2016, according to a bourse statement.
Total subscription as at close of Monday's trading amounted to AED 2.1 billion.
Rights holders can subscribe for new shares at the issue price of AED 1 per share till 25 May.
The capital raise will be used to finance the developer’s Six Flags theme park.
Dubai Parks rose 0.78% to AED 1.28 after generating AED 232,550 from the exchange of 181,700 shares.
