Page 124 - AAE GENERAL REPORT - March 2024

3/25/24, 1:36 PM EFG Hermes completes advisory on $428.7mln IPO of Parkin on the DFM

Karim Galal, Managing Director at EFG Hermes’ Investment Banking Division. Image Courtesy: EFG Hermes
FINANCIAL SERVICES
EFG Hermes completes advisory on

$428.7mln IPO of Parkin on the DFM

The IPO set a record for the most subscribed offering on the Dubai Financial
Market, with an overall subscription of approximately 165 times

Press Release

March 21, 2024

Dubai: 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.

https://www.zawya.com/en/press-release/companies-news/efg-hermes-completes-advisory-on-4287mln-ipo-of-parkin-on-the-dfm-rr0s0kge 1/5