According to Amac News: The announcement states that a total of 2,582,226,338 ordinary shares, each with a nominal value of 0.014 US dollars, which represents 25% of the total shares issued in the company, will be sold by the sole shareholder of the company, Lulu International Holdings Limited.
The offer will be made available to UAE retail investors, including eligible employees of the group, as part of the UAE retail offer.
The subscription period ends on Monday, October 28, and on Tuesday, November 5, for eligible UAE retail investors, professional investors and senior managers.
The company targets a total dividend payout ratio of 75% of annual after-tax distributable earnings, paid semiannually.
The company aims to pay dividends for the six months ending December 31, 2024 in the first half of 2025.