Dubai Investments plans to sell a stake of up to 25% in its Dubai Investment Park through an initial public offering (IPO).
In a statement to the stock exchange, the company mentioned that it is currently in talks with banks regarding this matter but did not provide further details.
On Wednesday, Dubai Investments confirmed the news as well as the remarks made by Khaled bin Kalban, Vice Chairman and CEO, about the impending IPO of up to 25% of the Dubai Investment Park.
The company noted in its announcement that discussions with banks are ongoing.