Watania will launch IPO to raise Dh82.5m

Watania, the National Takaful Company, plans to launch next monday its initial public offering (IPO). The aim is to raise Dh82.5 million, that means 55 % of the share capital.
Anastasios Dalgiannakis, head of trading at Mubasher Financial Services, pointed out that IPOs of attractive assets are generally positive and helpful for the markets as they bring interesting investment opportunities.