Reply #74: Dubai's Thani Group eyes listing in next three years [View All]

[xchrom]

http://www.arabianbusiness.com/dubai-s-thani-group-eyes-listing-in-next-three-years-395486.html

Dubai’s Thani Group, a privately owned venture capitalist firm, plans an initial public offering within the next three years, its chief executive officer said.

The group, whose subsidiaries include minerals company Thani Emirates Resources Holdings, plans to list a number of its units, CEO Richard Camball told Arabian Business.

“The time horizon is over the next three years. It could be a few of the Thani companies, but at the moment it’s too early to say ,” he said.

The company announced a joint venture Wednesday with South Africa’s AngloGold Ashanti, a gold mining company with a capital expenditure of $1,015m in 2010.