Dubai-based Al Shafar General Contracting (ASGC) is still eyeing an IPO after having to put its plans on hold for an initial share sale at the end of last year. The company has worked on projects in the UAE including the Waldorf Astoria hotel on the Palm. The contractor had completed about ‘90%’ of the preparations, including holding meetings with select investors in an exercise known as pilot fishing, and had planned to launch the offering in October, according to CEO Bishoy Azmy. (Reuters)
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