Dubai’s Largest Payment Processing Firm to Launch IPO
Dubai-based payment processing firm called Network International which is the largest of its kind in the Middle East and Africa, is currently evaluating the possibilities and expecting to launch its initial public offering.
The company is jointly owned by Emirates NBD and private equity firms Warburg Pincus and General Atlantic.
The company stated that its shareholders "are evaluating various strategic options with respect to NI, which may include a potential initial public offering. At this point in time, no decisions have been taken as to whether NI or its shareholders will proceed with any such transactions.”
However, if NI and its shareholders decide to move forward with any such transaction, further announcements will be made in due course. Earlier in September, the company’s ow...