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3/25/24, 1:46 PM                EFG Hermes Completes Advisory on USD 428.7 Million IPO of Parkin on the DFM - fintechgate
        EFG Hermes Completes Advisory On USD 428.7 Million IPO Of

        Parkin On The DFM


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                 ﺔﻄﺳاﻮﺑ Fintech Gate    2024 ,21 سرﺎﻣ  ﻲﻓ








































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        Dubai, March 21, 2024

        EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North

        Africa (MENA), announced today that its investment banking division successfully completed its advisory
        on  the  USD  428.7  million  initial  public  offering  (IPO)  of  Parkin,  the  largest  provider  of  paid  parking

        facilities  and  services  in  Dubai,  on  the  Dubai  Financial  Market  (DFM).  EFG  Hermes  acted  as  a  Joint
        Bookrunner on the transaction.


        Parkin offered a total of 24.99% of its total issued share capital through the sale of 749,700,000 existing
        shares at AED 2.10 per share, implying a market capitalization of AED 6.30 billion (USD 1.72 billion).









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