Dubai – Mubasher: Network International, an affiliated associate of Emirates NBD Group, on Thursday announced that it plans to proceed with an initial public offering (IPO) on the London Stock Exchange (LSE).
If Network International’s shareholders decide to go ahead with any transaction, further announcements will be made in due course in line with the applicable laws and regulations, the Dubai-based company said in a statement.
“Network International has announced changes to its Board as part of the process of potentially becoming an independent business. As it welcomes the new members, Emirates NBD acknowledges the instrumental role played by outgoing Chairman, Abdulla Qassem in Network,” the largest payment processing firm across the Middle East and Africa highlighted.
