Dubai’s Parkin to sell 24.99% stake in IPO 

Dubai’s Parkin to sell 24.99% stake in IPO 

DUBAI: The Dubai government is selling a 24.99 percent stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate’s first privatization deal this year, Parkin said in a statement on Tuesday. 

Parkin’s shareholder, Dubai Investment Fund, plans to sell all of the 749.7 million shares in the offering, the firm said, adding it expects to make its bourse debut next month.  Dubai’s Parkin to sell 24.99% stake in IPO 

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