Investcorp Capital begins trading on the Abu Dhabi Securities Market

Abu Dhabi (Etihad)

Trading in Investcorp Capital PLC’s shares began on the Abu Dhabi Securities Market yesterday after the company, which specializes in capital services and capital financing in the field of alternative investments, was accepted for listing.
Investcorp Capital offered the equivalent of 32.85% of the total capital and raised total proceeds amounting to 1.66 billion dirhams (equivalent to $451 million). The final offering price for the IPO was 2.30 dirhams per share, which attracted demand from international and local institutional investors. The company’s market value amounted to approximately 5.04 billion dirhams (equivalent to approximately 1.37 billion dollars) upon listing.
The company aims to distribute dividends on shares amounting to approximately 422 million dirhams for the year ending June 30, 2024, which is equivalent to 8.4% on an absolute and proportional basis and 13.5% annually to public offering investors.
In his speech during the ringing ceremony for the opening of trading at the Abu Dhabi Securities Market, Mohammed Al Ardhi, Executive Chairman of Investcorp Group, the global asset management and capital financing services company, stressed that one of the most important priorities of the current stage is to protect the interests of all shareholders, and to direct “Investcorp Capital » While striving towards growth and achieving returns that create value for all shareholders.
Commenting on the listing, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Market, said: “We at the Abu Dhabi Securities Market welcome Investcorp Capital, which has a strong position in the global alternative investments sector, stressing that this listing is a solid evidence of the confidence placed by international companies in The financial markets in the UAE, the country’s stable economy and a diverse investor system.
Timothy Mattar, CEO of Investcorp Capital, said that listing the company for the first time on the Abu Dhabi Securities Market represents a successful completion of the first initial public offering of its kind in the region, as the demand that the company received from a wide range of investors is solid evidence of the confidence of the new shareholders in the company. Growth strategy and potential, declaring the company’s intention to move forward to build on achievements that add to Investcorp’s strong track record and provide all shareholders with unparalleled investment opportunities and consistent returns.