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Major Dubai free zone operator becomes latest to offer IPO

Advertising billboards are displayed at the Dubai Internet City in Dubai, United Arab Emirates, Thursday, June 9, 2022. The TECOM Group, whose 10 holdings include Dubai Internet City and Dubai Media City, and is a major free zone operator in Dubai owned by the sheikhdom's ruler said Thursday it would make an initial public offering on the local stock market, the latest state asset to list in an effort to boost the city-state's bourse. (AP Photo/Kamran Jebreili) The logo of Dubai Internet City is displayed in front of their offices in Dubai, United Arab Emirates, Thursday, June 9, 2022. The TECOM Group, whose 10 holdings include Dubai Internet City and Dubai Media City, and is a major free zone operator in Dubai owned by the sheikhdom's ruler said Thursday it would make an initial public offering on the local stock market, the latest state asset to list in an effort to boost the city-state's bourse. (AP Photo/Kamran Jebreili)