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Al Bawaba
April 27th, 2005 - 04:44 GMT

RAK Properties achieves record Reimbursement time for IPO oversubscriptions

IPO's Subscription Manager, the Investment and Development Office of the Government of Ras Al Khaimah, and Lead Bank, National Bank of Abu Dhabi (NBAD), recently announced the completion of the share allotment process of RAK Properties, and the issuance of share notifications and returned cheques for oversubscriptions. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, has ordered the return of oversubscriptions to subscribers ...
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