Multiply Group, an Abu Dhabi-based tech-focused holding company with assets of over 8 billion dirhams ($2.2 billion), has investments in automotive, utilities, capital, wellness and communications industries.
It will become the eighth IHC subsidiary to list on the ADX in less than a year.
In a direct listing, a company sells pre-existing shares to the public eliminating investment banks and underwriters, and thereby keeping costs lower.
(Reporting by Brinda Darasha; editing by Daniel Luiz)
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