Dubai index closed higher on Friday, boosted by a 15% surge in lender Mashreqbank (MASB.DU), while Abu Dhabi stocks slipped on volatility in crude markets.
declined nearly 10% after major shareholder Gulf Insurance Group sold its entire holding in the company.
Separately, Abu Dhabi-based Hospital operator Burjeel Holdings set a price range for its initial public offering at 2 to 2.45 dirham a share, implying an equity value of $3.3 billion at the top end. The company intends to sell around 550.7 million shares, or 11%, of issued share capital including 200 million new shares to be issued by Burjeel.Register now for FREE unlimited access to Reuters.com
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