Dubai-based contracting firm Drake & Scull aims to raise 1.2 billion dirhams ($326.7 million) in an initial public offering in July, the company said in a statement.
The firm, which operates in the Gulf, Egypt and Jordan, had originally planned to list by the second quarter of this year but needed to delay the IPO slightly awaiting regulatory approval.
The company said on Thursday it would price 1.2 billion shares at 1 dirham each with the offer period running July 8-17.
The firm plans to sell a 55 percent stake and list on the Dubai Financial Market.
HSBC Holdings Plc and Dubai-based Al Mal Capital are advising on the sale. - Reuters