Dubai Parks & Resorts (DPR) has announced the start of the trading period for the rights allocated to shareholders as part of its AED1.68 billion rights issue, which is set to primarily finance the development of its fourth theme park, Six Flags Dubai. Shareholders, as of close of trading on the DFM on 2 May, have been allocated 1 right for every 3.767 shares held. Each right grants the holder the eligibility to subscribe for one new share at AED1.00. Rights can be traded publicly on the DFM starting today (4 May) until 18 May.
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