Monday 23 December 2024
 
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Makhzoumis

Future Pipes seeks up to $554m in IPO

Family owned, Dubai-based Future Pipe Industries (FPI ) said on Sunday it is pricing its initial public offering that starts on Sunday at between $5 and $6.6. The IPO could raise at least $420 million and as much as $554 million, valuing F

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Lebanon's Makhzoumis eye $400m in Dubai IPO

Lebanon's Makhzoumi family said on Sunday it plans to raise at least $400 million by selling shares to the public in Dubai-based Future Pipe Industries, a maker of fibre glass pipes used for city infrastructure. The Makhzoumis, who set up

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