Parkin' has increased its IPO shares for UAE retail investors due to high demand, with the new total at 89,964,000 shares, up from 74,970,000.
The announcement was made following the approval of the Securities and Exchange Authority (SCA).
This adjustment raises the retail section to 12 per cent of the offer, valued between AED 179.93 million and AED 188.92 million, while the qualified investor section decreases to 88 per cent.
The overall offering size of 749,700,000 shares remains the same.
Subscription for the UAE retail closed on March 12, and for qualified investors on March 13.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
Aviation sector contributes $4.1 trillion to global economy
Paris AI summit draws world leaders
16% growth in new economic licences in Abu Dhabi during 2024
DEWA updates billing on water consumption
UAE, Japan to complete CEPA by end of year
