Wednesday, March 14, 2007

Air Arabia announces plans for Initial Public

"Air Arabia, the Middle East's first low-cost carrier, announced that it has applied to the UAE Ministry of Economy and relevant regulatory authorities for approval to launch an Initial Public Offering (IPO) in the first quarter of this year. The Sharjah-based airline, which began operations in October 2003, will become the first airline in the Gulf region to go public."

The IPO will start next week, which each share at " AED 1 + AED 0.02" offering cost, with a minimum subscription of 10,000. It is going on sale next week, you can get your at Ahli United Bank.

I think its a good deal, the airline industry is expected to keep growing throughout 2015, especially low cost airlines.

1 comment:

Ula said...

Good for people to know.