Success of U.A.E.'s Dana Gas IPO rescues regional solidarity and confidence
12th Oct 2005, 03:42 GMT
With plans for a common GCC market on the rocks, Dana Gas' 2.1 billion dirham ($560 million) initial public offering (IPO) came to the rescue last week. Investors rushed from all over the region to buy shares in the gas firm, which was open to all Gulf investors and wholesale investors from outside the area.
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