According to Amac News: Trading started with a reference price of 1.16 dirhams per share, and its market value is estimated at 2.6 billion dirhams (about 706 million US dollars).
Myer's listing on the stock market allows the group's shareholders to easily sell their shares and ensures that new investors have equal opportunities to participate in Myer's growth.
Captain Muhammad Juma Al-Shamsi, Chairman of Mayer Group, said that this event represents the group's commitment to innovation, sustainable growth and creating long-term value for all stakeholders.
On the other hand, Abdullah Salem Al-Naimi, the CEO of ADX Group, mentioned that Mayer Group was listed as the 26th financial bond listed on ADX this year. He added that this achievement will further diversify the exchange's offerings and strengthen ADX as the preferred platform for financial growth in the UAE and beyond.