The receiving bank will refund the amounts paid by the Eligible Investors in excess of what has been allocated to the Eligible Investors within (5) five working days of closing the subscription.
Multiply Group intends to list 25% stake through an initial public offer.
The shares will be listed on the Abu Dhabi Securities Exchange (ADX).
Subscription is open to both institutional and retail investors.
ADX has been one of the best performing markets globally over the past year, and the recent ADX listings have been very successful. This momentum is supported by Abu Dhabi’s economic resilience and measures like the ADX One strategy that are enhancing its position as the go-to market for local and external investors.