Phoenix Group announces share offer on Abu Dhabi Exchange By Investing.com
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ABU DHABI – Phoenix Group PLC, a trailblazer in the Middle Eastern crypto economy, has unveiled its plans to list on the Abu Dhabi Securities Exchange, a move that represents a significant milestone for privately owned blockchain conglomerates in the region. Co-founders Bijan Alizadehfard and Munaf Ali have expressed their commitment to innovation as they initiate the share offer period today, presenting an extensive number of shares at a competitive price to both retail and professional investors.
The company is opening up a 17.64% stake of its share capital for public investment from today until Friday. This equates to 907,323,529 shares priced at AED 1.50 each, from a pre-offering total of 5,141,500,000 shares. The offering process is overseen by First Abu Dhabi Bank PJSC and International Securities LLC, ensuring a transparent transaction for potential stakeholders.
Phoenix Group’s strategic decision to list on the Abu Dhabi Securities Exchange not only emphasizes its role in the burgeoning crypto market but also signals its potential for expansive growth beyond the Middle Eastern markets. Investors interested in participating in Phoenix Group’s growth journey can find the prospectus on the company’s website and may reach out to the Lead Receiving Bank for further details regarding the share offering.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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ABU DHABI – Phoenix Group PLC, a trailblazer in the Middle Eastern crypto economy, has unveiled its plans to list on the Abu Dhabi Securities Exchange, a move that represents a significant milestone for privately owned blockchain conglomerates in the region. Co-founders Bijan Alizadehfard and Munaf Ali have expressed their commitment to innovation as they initiate the share offer period today, presenting an extensive number of shares at a competitive price to both retail and professional investors.
The company is opening up a 17.64% stake of its share capital for public investment from today until Friday. This equates to 907,323,529 shares priced at AED 1.50 each, from a pre-offering total of 5,141,500,000 shares. The offering process is overseen by First Abu Dhabi Bank PJSC and International Securities LLC, ensuring a transparent transaction for potential stakeholders.
Phoenix Group’s strategic decision to list on the Abu Dhabi Securities Exchange not only emphasizes its role in the burgeoning crypto market but also signals its potential for expansive growth beyond the Middle Eastern markets. Investors interested in participating in Phoenix Group’s growth journey can find the prospectus on the company’s website and may reach out to the Lead Receiving Bank for further details regarding the share offering.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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