paris gallery among others go public
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Paris Gallery, among others go public

Arab Today, arab today

Arab Today, arab today Paris Gallery, among others go public

Dubai - Arabstoday

Mohammed Al Fahim, Chief Executive Officer of Paris Gallery has said that they plan to make their stock market debut by making their Initial Public Offering. “Our group has decided to IPO [because we want to maintain] a leading position and to be able to continue,” CEO Mohammed Ar Al Fahim, told Arabian Business. He intends to carry out this plan under a positive pretense of the market status becoming an improved one near. In fact, Paris Gallery were in talks about their first IPO in 2008 but the plan was forced to be delayed due to the global crisis that struck; causing the economy to fall into a vulnerable state. The sale of its shares would ensure the family-owned firm’s continuity and progress. “The main reason for this is not to raise money but that would be a byproduct, which is very positive. Usually 70-90 percent of second and third generation will fail for many different reasons, so an IPO is a safety belt for us. An IPO would make us more transparent, more structured, more accountable and more effective,” Al Fahim said. In recent light of the wake of the economic downturn, the amount of GCC-Family owned companies in the region looking to go public has increased swiftly. The total value of IPOs in the Middle East dropped 94.8 percent to its lowest in five years in the first quarter of 2011, Ernst & Young said in March. One of the many Dubai-based retailers planning to make their stock market debut; Axiom Telecom was forced to abort its plans last year.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

paris gallery among others go public paris gallery among others go public

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

paris gallery among others go public paris gallery among others go public

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday