Emirates Telecom's Strategic Share Offering
Emirates Integrated Telecommunications Company PJSC announces a secondary public offering to enhance stock liquidity.
Summary
Emirates Integrated Telecommunications Company PJSC, known as du, is launching a secondary public offering of shares to increase its stock liquidity. The offering is expected to improve market accessibility and attract more investors.
Emirates Integrated Telecommunications Company PJSC, commonly referred to as du, has announced a strategic move to launch a secondary public offering of its shares. This announcement marks a significant step for the company, as it aims to increase its free float and enhance stock liquidity. The offering is set to improve market accessibility and attract a broader range of investors.
The offering, which comprises up to 342,084,084 shares, represents approximately 7.55% of du's share capital and 75% of the stake held by Mamoura Diversified Global Holding PJSC, a subsidiary of Mubadala Investment Company. The price range for the shares has been set between AED 9.00 and AED 9.90 per share, with the final offer price to be determined through a bookbuilding process on September 15, 2025.
This strategic move is expected to bolster du's position in the market by increasing its stock liquidity, thereby making it more attractive to institutional and retail investors. The offering is structured in two tranches, with 5% of the offer shares allocated to UAE retail investors, which includes individuals and companies holding a National Investor Number with the Dubai Financial Market.
For potential investors, this offering presents an opportunity to invest in a leading telecommunications provider in the UAE. However, investors should carefully consider the potential risks and rewards associated with investing in the telecommunications sector, which is subject to rapid technological changes and regulatory developments.
Given the strategic nature of this offering and the company's solid market position, a 'hold' recommendation is suggested for existing shareholders. This recommendation is based on the potential for improved liquidity and market position, balanced with the inherent risks of the sector.
Source
Summary
The document is a prospectus for the public offering of shares in Emirates Integrated Telecommunications Company PJSC, known as "du," which is listed on the Dubai Financial Market. The offering involves up to 342,084,084 ordinary shares, representing 7.5467% of the company's total issued shares, being sold by Mamoura Diversified Global Holding PJSC in a public subscription in the UAE. The offer price ranges from AED 9.00 to AED 9.90, with the final price and offering size to be announced after the subscription period closes. The offering is only available in the UAE, and compliance with local regulations is required. The Securities and Commodities Authority of the UAE is not responsible for the content of the prospectus. Potential investors are advised to review the "Investment Risks" and "Important Notice" sections due to the high-risk nature of the investment.
Summary
Emirates Integrated Telecommunications Company PJSC, known as "du," announced a secondary public offering of its shares, which are listed on the Dubai Financial Market. The offering will be conducted by Mamoura Diversified Global Holding PJSC, a subsidiary of Mubadala Investment Company, and involves up to 342,084,084 shares, representing 7.55% of du’s share capital and 75% of Mamoura's stake in the company. The price range for the shares is set between AED 9.00 and AED 9.90, with the final price to be determined through a bookbuilding process. The offering includes a UAE retail offer, comprising 5% of the shares, available to investors with a National Investor Number on the DFM. This transaction aims to increase du’s free float and improve its stock liquidity. The offering is not available in certain jurisdictions, including the United States, Canada, Australia, South Africa, and Japan.
