03/02/2015 20:25 AST

Massar Solutions, a UAE vehicle rental and fleet management firm, on Tuesday said it is postponing its initial share offering on the Abu Dhabi bourse, citing poor demand due to market volatility.

Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said in a statement.

A report in local newspaper The National on Sunday said that less than half the shares had been subscribed to during the offer period, which ran from January 11 and 25.


Reuters

Massar Solutions meeting hosted by Abu Dhabi Securities Exchange

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Abu Dhabi Securities Exchange (ADX) hosted yesterday Massar Solutions meeting with ADX licensed brokers in the exchange's main offices in Abu Dhabi. During the meeting, Massar delivered a presentatio

CPI Financial

Ticker Price Volume
Ticker Price Change
ALMUTAHED 0.00 0.00 (0.00%)
ALMAL 0.00 0.00 (0.00%)
ALAMAN 0.00 0.00 (0.00%)
MASSALEH 0.00 0.00 (0.00%)
INVESTORS 0.00 0.00 (0.00%)
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