Tuesday, Jul 12, 2016
Dubai: Al Tamimi & Company, the largest law firm in the Middle East, said it has advised on three rights issues of Dh5.5 billion on the Dubai Financial Market (DFM) in the last three months.
Al Tamimi has been closely involved in discussions with the SCA and other relevant authorities to include suitable exemptions in securities regulation to enable rights issues to take place. At the end of 2015, Al Tamimi advised on insurance company Takaful Emarat’s rights issue, the first tradable rights issue for a Takaful insurance company in the UAE, and the first ever to take place on the DFM.
Staff Report
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