Sunday 24, June 2012 by Robin Amlôt
Daman Investments concludes private placement for 22.7 per cent of company
Daman Investments has announced the successful completion of a capital increase through a private placement with an investment of AED 99,999,950 as the company moves forward with future plans culminating with an Initial Public Offering (IPO). The shares were issued at a 70 per cent premium, above their nominal AED 100, valuing the company at AED 440 million.
