UAE's Surouh Real Estate Company plans IPO

UAE's Surouh Real Estate Company has successfully completed the generation of 45 per cent of the initial share capital from its founding shareholders, thus paving the way for the public subscription of the remaining 55 per cent of the share capital amounting to Dh1.375 billion. According to Khaleej Times, the upcoming IPO has just been scheduled to open for subscription from May 22 to May 31.