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Marka sets mid-September for listing shares on DFM

: Sunday, July 27 - 2014 @ 06:40

Dubai-based newly formed retailing and restaurants group, Marka has unveiled plans to list its shares on the Dubai Financial Market (DFM) in the second week of September, Reuters has reported. The company initially planned to list its shares on the DFM around the first week of June, but the market was hit by massive volatility that month as a speculative bubble burst. The company raised Dhs275m ($75m) in an offer that was 36 times subscribed.

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Sunday, July 27- 2014 @ 6:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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