Be Part of Dubai's Development
Dubai Realty Opportunities Plc (DRO) is a dynamic new company seeking to capitalise on property trading opportunities in the rapidly expanding city of Dubai in the United Arab Emirates.
To raise its initial investment capital, the company issued its prospectus in June 2005, offering for subscription up to £5,000,000 in ordinary shares and loan stock. DRO’s Chairman is the property developer Pervaiz Naviede. Camino Limited which is owned by the Pervaiz Naviede Family Trusts will invest £1,000,000 of the £5,000,000 being raised. Following funding the company will be quoted on the Ofex market
The Offer is the first round of a series of expected
fundraisings by the Company. The Company
intends to ultimately raise from investors an
aggregate sum of £50,000,000. Taking these
investor funds together with funds which may be
available to the Company by Abu Dhabi Commercial Bank or other
banking institutions, the Directors expect to have a
source of funds totalling around £100,000,000 with
which to exploit property trading opportunities in
Dubai.
With a minimum subscription of £2,400 the subscription offers small and large investors the opportunity to participate in the booming Dubai property market.
DRO at a Glance
- Minimum investment £2,400
- Initial public offering £5,000,000
- 2/3 10% p.a. Loan Stock
- 1/3 Ordinary Shares – expected dividend 10%
- This offer is now closed