One of the pioneers of the Middle Eastern crypto economy, Phoenix Group PLC, has announced preparations to list on the Abu Dhabi Securities Exchange, marking a major turning point for the region’s privately held blockchain conglomerates. Co-founders Bijan Alizadehfard and Munaf Ali have demonstrated their dedication to innovation by launching the share offer period today …
One of the pioneers of the Middle Eastern crypto economy, Phoenix Group PLC, has announced preparations to list on the Abu Dhabi Securities Exchange, marking a major turning point for the region’s privately held blockchain conglomerates. Co-founders Bijan Alizadehfard and Munaf Ali have demonstrated their dedication to innovation by launching the share offer period today and offering a large quantity of shares to professional and retail investors at a competitive price. From now until Friday, the corporation will allow the public to participate in 17.64% of its share capital. This corresponds to 907,323,529 shares, valued at AED 1.50 apiece, out of the 5,141,500,000 shares that were pre-offered. Potential stakeholders can be assured of a transparent transaction as First Abu Dhabi Bank PJSC and International Securities LLC supervise the offering process. The deliberate choice made by Phoenix Group to list on the Abu Dhabi Securities Exchange highlights the company’s involvement in the emerging cryptocurrency industry and suggests that it may expand well beyond the markets in the Middle East. Prospective investors who would want to be part of Phoenix Group’s growth trajectory may access the prospectus on the company website and get in touch with the Lead Receiving Bank for additional information about the share offering.
Risk Disclaimer :
Please note that this articles does not offer any instructions or suggestions regarding investment decisions. Therefore, it is essential that you carefully evaluate your financial situation and conduct thorough analysis, or seek advice from a qualified professional, before making any investment decisions.
