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2/27/24, 10:35 AM Dubai's Parkin to offer 24.99% stake in IPO

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Dubai's Parkin to offer 24.99% stake in IPO

The company plans to list on the DFM on March 21

A parking meter sign in Dubai Marina. Chris Whiteoak / The National

Aarti Nagraj
Feb 27, 2024

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Parkin, the company set up by Dubai to oversee parking operations, will offer a 24.99 per cent in an
initial public offering as the emirate continues efforts to boost its capital markets.

Established as a public joint stock company under a new law in January, Parkin will offer 749.7
million shares in the public float on the Dubai Financial Market, according to a prospectus issued
by the company on Tuesday.

Subscriptions start from March 5 until March 12 for the first tranche for retail investors and end on
March 13 for institutional investors.

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