Following the Board of Directors meeting held on 15 June 2016, Dubai Parks and Resorts today announced that the Board of Directors have agreed to add a new item to the company’s General Assembly meeting agenda. In addition to the election and appointment of an additional Board of Directors member, shareholders will also vote on a special resolution to amend the Articles of Association to reflect the proposed new company name, dXb Entertainments PJSC.
dXb Entertainments PJSC is the proposed name for the corporate entity while Dubai Parks and Resorts will continue to be the name of the region’s largest integrated theme park destination, featuring motiongate™ Dubai, Bollywood Parks™ Dubai and LEGOLAND® Dubai and LEGOLAND® Water Park, opening in October this year.
An updated General Assembly meeting invitation reflecting this new agenda item as well as the proposed amendments to the company’s Articles of Association have been published on the Dubai Financial Market website www.dfm.ae as well as the company’s corporate website www.dprcorporate.ae.
Shareholders are invited to attend the General Assembly meeting to be held on Thursday 23 June 2016 at 2:00pm at the Taj Hotel, Business Bay, Dubai, to discuss these matters.
ENDS
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97143785001
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]
About Dubai Parks and Resorts PJSC
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), will become the Middle East’s largest multi-themed leisure and entertainment destination comprising three separate theme parks: motiongate™ Dubai, a Hollywood movie inspired theme park concept; LEGOLAND® Dubai, the first LEGOLAND theme park in the Middle East; and Bollywood Parks™ Dubai, a first-of-its-kind entertainment destination that will showcase the authentic Bollywood movie experience. In addition LEGOLAND® Water Park, the region’s first water park catering to families with children 2-12 will also open on the site.
The destination will also host the LapitaTM Hotel, a Polynesian-themed hotel which will be managed by the Marriott Group, and Riverland™ Dubai, a centrally located district of 220,000 square feet of leasable retail, dining and entertainment space connecting the three theme parks, water park and hotel.
Set to open in October 2016, the large-scale AED 10.5 billion project is spread across 25 million square feet of land strategically located on Sheikh Zayed Road close to the Palm Jebel Ali between Dubai and Abu Dhabi. 6.7 million ticketed visits are expected in 2017, the first full year of operation.
]]>Dubai Parks and Resorts today confirmed that it has successfully raised AED 1.68 billion from a 1.6 times oversubscribed Rights Issue, which was 2.5 times oversubscribed on the public tranche, at the end of subscription. Total subscription as at close on 25 May 2016 equalled AED 2.67 billion, demonstrating strong demand from investors. The Rights Issue is intended to raise AED 1.68 billion to primarily finance the development of the Six Flags Dubai theme park.
The Rights Issue, which was announced on 19 April 2016, gave registered shareholders and other investors who purchased Rights during the Rights trading period, the opportunity to subscribe for New Shares issued by Dubai Parks and Resorts at AED 1 per share. The trading of the Rights on the Dubai Financial Market commenced on the 4 May 2016 and ended on the 18 May 2016 with a total of 370 million Rights traded. Subscription for the New Shares commenced on the 12 May 2016 and closed on 25 May 2016.
Raed Kajoor Al Nuaimi, Chief Executive Officer of Dubai Parks and Resorts stated, “We have been working relentlessly to create an unforgettable theme park destination. Thanks to the support of our shareholders, we have successfully raised AED 1.68 billion in an oversubscribed Rights Issue to fund our growth strategy by adding a fourth theme park to our destination. The addition of Six Flags Dubai will enhance our already extensive offering and further establish our position as the Middle East’s largest leisure and entertainment destination. We thank our shareholders for being a part of our growth, and we are very excited to begin the next phase of our strategy.”
The New Shares shall be listed on the Dubai Financial Market following approval from the Securities and Commodities Authority on or around the 5 June 2016. Meraas shall retain a majority shareholding, of 52%, with Qatar Holding increasing its shareholding in the company to 11% through the acquisition of a portion of Meraas’ Rights, in addition to subscribing to all of its own Rights.
The Rights Issue was approved by the Dubai Parks and Resorts’ shareholders at its General Assembly Meeting, which was held on 18 April 2016 in Dubai. Through a combination of debt and equity funding, Dubai Parks and Resorts sought to raise a total of AED 2.67 billion. AED 1.68 billion of the funding has been successfully raised via the Rights Issue, with the remaining AED 993 million being supplied through debt financing from Abu Dhabi Commercial Bank, Dubai Islamic Bank, and Sharjah Islamic Bank.
At the conclusion of the Rights Issue, Dubai Parks and Resorts shall issue 1,678,084,962 New Shares, which will increase its total issued share capital to AED 7,999,912,670. None of the additional capital raised will be used to fund the existing Dubai Parks and Resorts development, expected to open in October this year. The capital raise will be used to fund the proposed Six Flags Dubai theme park is scheduled to open in Q4 2019. Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include close to 27 rides and attractions for all ages.
Arqaam Capital Limited and Emirates Financial Services PSC acted as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC was the Sole Receiving Bank.
For further details please refer to the Dubai Parks and Resorts’ Investor Relations web page http://www.dprcorporate.ae/investor-relations
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About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road in Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For more information go to: http://dubaiparksandresorts.com
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97143785001
[email protected]
FTI Consulting
Jon Earl, Managing Director
+97144372104
[email protected]
Amy Piek, Director
+97144372111
Dubai Parks and Resorts today confirmed that the AED 1.68 billion Rights Issue, which was announced on the 19 April 2016, was oversubscribed at the end of trading on 23 May 2016, underlining strong investor support. Total subscription as at close of 23 of May 2016 amounted to AED 2.1 billion. The Rights Issue is intended to primarily finance the development of Six Flags Dubai, the fourth theme park within the Dubai Parks and Resorts destination. Rights holders have until Wednesday 25 May 2016 to exercise their Rights to subscribe for New Shares in Dubai Parks and Resorts.
Raed Kajoor Al Nuaimi, Chief Executive Officer, Dubai Parks and Resorts, stated: “There is no doubt a significant gap exists for theme park destinations in the regional market and Indian sub-continent. We are pleased to see the extent of shareholder support for the Rights Issue, which confirms investor’s appetite to share in the growth of the UAE and of Dubai Parks and Resorts.”
Holders of Rights can subscribe for New Shares through any of the Emirates NBD branches stated in the Rights Issue invitation published on 19 April 2016, the UAE Fund Transfer System (FTS) through any UAE bank branch, Emirates NBD ATMs (Emirates NBD customers), Emirates NBD Banknet system (Emirates NBD Customers) or online through the DFM eIPO system, or directly, or through, their broker/custodian. For further information on how to subscribe please refer to the “How to Subscribe” publication: (http://dprcorporate.ae/investor-relations/wp-content/uploads/sites/3/2016/04/How-to-Subscribe-Receiving-Bank_18th-May.pdf)
The allocation of Additional New Shares shall be on a pro-rata basis to the persons who subscribed for Additional New Shares, based on the number of Additional New Shares requested by such persons, at the same issue price as the New Shares.
The Rights Issue, approved by Dubai Parks and Resorts’ shareholders at the General Assembly Meeting held last month, was launched to raise AED 1.68 billion to primarily finance the development of the Six Flags Dubai theme park – an extension of the current Dubai Parks and Resorts offering. Once the Rights Issue has concluded, Dubai Parks and Resorts’ issued share capital will become AED 7,999,912,670. None of the additional capital being raised will be used to fund the existing Dubai Parks and Resorts offering, which is expected to open in October this year.
Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include around 27 rides and attractions for all ages when it is planned to open in Q4 2019.
Arqaam Capital Limited and Emirates Financial Services PSC are acting as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC is the Sole Receiving Bank.
For further details please refer to the Rights Issue tab on Dubai Parks and Resorts website (dprcorporate.ae/investor-relations/rights-issue/).
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For further information on the transaction structure and subscription process please contact
Emirates Financial Services PSC (Joint Bookrunners & Joint Lead Manager)
Farhan Rizvi
Director – Investment Banking
04 303 2884
Email: [email protected]
Emirates NBD Bank PJSC (Receiving Bank)
Mahmoud Renaoui
04 387 4047
Email: [email protected]
About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road, Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For more information go to: http://dubaiparksandresorts.com
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97148200820
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]
Rights holders are reminded that the Subscription Period for the Dubai Parks and Resorts Rights Issue, which opened on 12 May 2016, will close in three days on 25 May 2016. The AED 1.68 billion Rights Issue is intended to primarily finance the development of the fourth theme park, Six Flags Dubai, within the Dubai Parks and Resorts destination.
Holders of Rights (whether registered shareholders holding Rights or those persons who purchased Rights during the Rights trading period), have just three days left to exercise their Rights to subscribe for New Shares at the issue price of AED 1 per share. The Rights Issue subscription period officially closes at the end of trading on the Dubai Financial Market (DFM) this Wednesday.
Holders of Rights can subscribe for New Shares through any of the Emirates NBD branches stated in the Rights Issue invitation published on 19 April 2016, the UAE Fund Transfer System (FTS) through any UAE bank branch, Emirates NBD ATMs (Emirates NBD customers), Emirates NBD Banknet system (Emirates NBD Customers) or online through the DFM eIPO system, or directly, or through, their broker/custodian. For further information on how to subscribe please refer to the “How to Subscribe” publication: (http://dprcorporate.ae/investor-relations/wp-content/uploads/sites/3/2016/04/How-to-Subscribe-Receiving-Bank_18th-May.pdf)
Any unsubscribed New Shares remaining after the initial pro-rata allocation will be distributed to holders of Rights who applied for Additional New Shares. The allocation of Additional New Shares shall be on a pro-rata basis to the persons who subscribed for Additional New Shares, based on the number of Additional New Shares requested by such persons, at the same issue price as the New Shares.
If any unsubscribed New Shares still remain after the allocation of the Additional New Shares to the persons who subscribed for Additional New Shares, such shares will be allocated to and purchased by the Committed Investors, subject to their respective Maximum Commitments. If any unsubscribed New Shares still remain after the allocation to the Committed Investors, such shares will be offered for sale through a public offering.
The Rights Issue, approved by Dubai Parks and Resorts’ shareholders at the General Assembly Meeting held last month, was launched to raise AED 1.68 billion to primarily finance the development of the Six Flags Dubai theme park – an extension of the current Dubai Parks and Resorts offering. Once the Rights Issue has concluded, Dubai Parks and Resorts’ issued share capital will become AED 7,999,912,670. None of the additional capital being raised will be used to fund the existing Dubai Parks and Resorts offering, which is expected to open in October this year.
Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include around 27 rides and attractions for all ages when it is planned to open in Q4 2019.
Raed Kajoor Al Nuaimi, Chief Executive Officer, Dubai Parks and Resorts, stated that, “Six Flags is a globally recognised brand, which will attract a new target market and complement our existing theme parks. We have received strong support for the new development which is scheduled to open in Q4 2019, having secured AED 993 million in debt from UAE banks as well as support from Committed Investors. We believe there is a significant gap for theme park destinations in the regional market and Indian sub-continent and this Rights Issue gives Rights holders the opportunity to capitalise on this and share our future growth.”
Arqaam Capital Limited and Emirates Financial Services PSC are acting as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC is the Sole Receiving Bank.
For further details please refer to the Rights Issue tab on Dubai Parks and Resorts website (dprcorporate.ae/investor-relations/rights-issue/).
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For further information on the subscription process please contact
Emirates Financial Services PSC (Joint Bookrunners & Joint Lead Manager)
Farhan Rizvi
Director – Investment Banking
04 303 2884
Email: [email protected]
Emirates NBD Bank (Receiving Bank)
Mahmoud Renaoui
04 387 4047
Email: [email protected]
About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road, Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For more information go to: http://dubaiparksandresorts.com
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97148200820
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]
Dubai Parks and Resorts PJSC announced today that its AED 1.68 billion Rights Issue, to primarily finance its fourth theme park Six Flags Dubai, was 64% subscribed on the first day of subscription (Thursday 12 May 2016), meaning it had exceeded AED 1 billion in confirmed subscriptions. The Committed Investors who include Qatar Holding, Sheikh Majid Ibrahim Al Ibrahim and Al Nahda Investments have fully subscribed to their own Rights as well as to part of the Meraas entitlement.
Rights holders have until Wednesday 18 May 2016 to trade their Rights on the Dubai Financial Market (“DFM”). Shareholders wishing to sell some or all of their Rights, or purchase additional Rights, can do so through securities brokers registered and licensed by the DFM.
Investors who are not registered Shareholders can also participate in the Rights Issue by buying Rights sold by existing Rights holders on the DFM during this period.
Rights holders wishing to subscribe for New Shares (using all or part of their entitlement to the Rights) can do so during the Subscription Period which opened on 12 May 2016 and will close on 25 May 2016.
Subscription, either directly or through the Rights holder’s broker or custodian, can be done through any of the Emirates NBD receiving bank branches stated in the Rights Issue invitation published on 19 April 2016, the UAE Fund Transfer System (FTS) through any UAE bank branch, Emirates NBD ATMs (Emirates NBD customers), Emirates NBD Banknet system (Emirates NBD Customers) or online through the DFM eIPO system using a valid iVESTOR card. For further information on how to subscribe please refer to the “How to Subscribe” publication: (http://dprcorporate.ae/investor-relations/wp-content/uploads/sites/3/2016/04/How-to-Subscribe-Receiving-Bank_26th-April.pdf)
Through a combination of debt and equity funding, Dubai Parks and Resorts is seeking to raise a total of AED 2.67 billion to primarily finance the development of Six Flags Dubai theme park. AED 1.68 billion of the funding is being raised via the Rights Issue, and the remaining AED 993 million is being supplied through debt financing from Abu Dhabi Commercial Bank, Dubai Islamic Bank, and Sharjah Islamic Bank.
Once the Rights Issue has concluded, Dubai Parks and Resorts’ issued share capital will become AED 7,999,912,670. None of the additional capital being raised will be used to fund the existing Dubai Parks and Resorts development, which is expected to open in October this year.
Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include around 27 rides and attractions for all ages, when it is planned to open in Q4 2019.
Raed Kajoor Al Nuaimi, Chief Executive Officer of Dubai Parks and Resorts, stated that, “The demand we’ve seen from investors on the first day of subscription confirms the appeal of the Six Flags Dubai opportunity. The demand from retail investors was particularly strong for the first day: Dubai Parks and Resorts’ enhanced offer with Six Flags Dubai has clearly captured the imagination of UAE investors. In addition to our existing parks, which are on track and on budget to open in October, the Six Flags branded theme park – the first in the region – will further establish Dubai Parks and Resorts’ position as the Middle East’s largest leisure and entertainment destination. The Rights Issue offers our shareholders an opportunity to have an active part in being a part of our future growth.”
Arqaam Capital Limited and Emirates Financial Services PSC are acting as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC is the sole Receiving Bank.
For further details please refer to the Dubai Parks and Resorts’ Investor Relations web page http://www.dprcorporate.ae/investor-relations
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About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road, Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97148200820
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]
Further to the announcement on 19 April 2016, Dubai Parks and Resorts today announced the opening of the subscription period for New Shares as part of its AED 1.68 billion Rights Issue to primarily finance the development of its fourth theme park, Six Flags Dubai, within the Dubai Parks and Resorts destination.
Starting tomorrow, the holders of Rights (whether registered shareholders holding Rights or persons who purchased Rights during the Rights trading period) can now exercise their Rights to subscribe for New Shares at the issue price of AED 1 per share. Holders of Rights can subscribe for New Shares until 25 May 2016 when the Rights Issue subscription period officially ends.
Holders of Rights can subscribe for New Shares through any of the Emirates NBD branches stated below, the UAE Fund Transfer System (FTS) through any UAE bank branch, Emirates NBD ATMs (Emirates NBD customers), Emirates NBD Banknet system (Emirates NBD Customers) or online through the DFM eIPO system, or directly, or through, their broker/custodian. For further information on how to subscribe please refer to the “How to Subscribe” document http://dprcorporate.ae/investor-relations/wp-content/uploads/sites/3/2016/04/How-to-Subscribe-Receiving-Bank_26th-April.pdf
Any unsubscribed New Shares remaining after the initial pro rata allocation will be distributed to holders of Rights who applied for Additional New Shares. The allocation of Additional New Shares shall be on a pro-rata basis to the persons who subscribed for Additional New Shares, based on the number of Additional New Shares requested by such persons, at the same issue price as the New Shares.
If any unsubscribed New Shares still remain after the allocation of the Additional New Shares to the persons who subscribed for Additional New Shares, such shares will be allocated to and purchased by the Committed Investors, subject to their respective Maximum Commitments. If any unsubscribed New Shares still remain after the allocation to the Committed Investors, such shares will be offered for sale through a public offering.
The Rights Issue, approved by Dubai Parks and Resorts’ shareholders at the General Assembly Meeting held last month, was launched to raise AED 1.68 billion to primarily finance the development of the Six Flags Dubai theme park – an extension of the current Dubai Parks and Resorts destination. Once the Rights Issue has concluded, Dubai Parks and Resort’s issued share capital will become AED 7,999,912,670. None of the additional capital being raised will be used to fund the existing Dubai Parks and Resorts development, which is expected to open in October this year.
Raed Kajoor Al Nuaimi, Chief Executive Officer of Dubai Parks and Resorts stated that, “With the inclusion of Six Flags, we are offering increased shareholder value by further differentiating Dubai Parks and Resorts from its competitors in the UAE, the Gulf, as well as the entire Middle East region. Six Flags will also complement our existing parks by adding a thrill component and attracting a new target audience. We have made tremendous progress on the existing parks, which will open in October this year and look forward to providing visitors and citizens of Dubai with the largest entertainment destinations in the Middle East.”
Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include around 27 rides and attractions for all ages when it is planned to open in Q4 2019.
Arqaam Capital Limited and Emirates Financial Services PSC are acting as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC is the sole Receiving Bank.
For further details please refer to the Rights Issue section on Dubai Parks and Resorts corporate website (dprcorporate.ae/investor-relations/rights-issue/).
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List of Receiving Emirates NBD Bank Branches
| Area | Branch | Address |
| Abu Dhabi | Abu Dhabi Main Branch | Al Neem Tower, Khalifa St |
| Abu Dhabi | Al Muhairy Centre Branch | Near Etisalat, Al Muhairy Centre,Zayed the 1st Street, ground Floor |
| Ajman | Ajman Main Branch | Ground Floor ENBD Building, Signal before Lulu Center |
| Al Ain | Al Ain Mall Branch | Sheikh Khalifa Bin Zayed St, Al Ain |
| Bur Dubai | Sheikh Zayed Road Branch | Before Crown Plaza, Sheikh Zayed Road |
| Bur Dubai | Mankhool Branch | Nashwan Bldg. Near EPPCO, Mankool Rd |
| Bur Dubai | Al Karama Branch | Near Karama Post Office |
| Bur Dubai | Al Souk Branch | Sh.Rashid Bin Saeed Al Maktouk Bldg.Al Falah Road, Dubai |
| Deira | Group Head Office Branch | Ground Floor ENBD Building , Opposite Economic and Land Dept |
| Deira | Al Muraqabat Branch | Gr Floor ENBD Building, Oppsite Traders Hotel, Hor Al Anz |
| Fujairah | Fujairah Main Branch | Hamed Bin Abdulla Road, Merashid |
| New Deira | Al Qusais Branch | Damascus Street, near Dubai Grand Hotel, opp Sunrise Supermarket |
| New Dubai | Jebel Ali | Gr Floor ENBD Building, Jebel Ali Free Zone |
| New Dubai | Jumeirah Branch | Al Wasl Street |
| New Dubai | Al Barsha Branch | Emirates Bank Owned Building , ITO, Ground Floor, Plot No. 376- 2378, behind Al Mawakeb School,Al Barsha 2 Dubai |
| Ras Al Khaimah | Ras Al Khaimah Corniche Branch | Yousef Obaid Al Neaimi Building, Corniche Street, next to Invest Bank.,Ras Al Khaimah |
| Sharjah | Sharjah Main Branch | Gr Flr ENBD Building, Immigration Road, next to Emirates Islamic |
| Sharjah | Al Taawun Branch | Taawun 3, Bldg # p-92, Shop #1, Al Taawun Street – Sharjah |
| Sharjah | Al Nasseriah Branch | Unit No. G019, Ground Floor, My City Center Al Nasseriya Area, Sharjah |
| Umm Al Quwain | Umm Al Quwain Branch | Gr. Floor eNBD Building, Shaikh Faisal Street after lulu Center |
About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road, Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97143785001
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]
Dubai Parks and Resorts today announced the start of the trading period for Rights allocated to shareholders as part of its AED 1.68 billion Rights Issue to primarily finance the development of its fourth theme park, Six Flags Dubai.
Shareholders registered in the Company’s register as at the close of trading on the DFM on 2 May 2016 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 1 AED.
The Rights have been deposited into the clearing account or brokerage account of the registered Shareholders under the trading symbol “DUBAIPARKSRI”.
Rights can be publicly traded on the DFM from today until 18 May, 2016. Shareholders wishing to sell some or all of their Rights, or purchase additional Rights, can do so through securities brokers registered and licensed by the DFM.
Investors who are not registered Shareholders can also participate in the Rights Issue by buying Rights sold by existing Rights holders on the DFM during this period.
Rights holders wishing to subscribe for New Shares (using all or part of their entitlement to the Rights) will be able to do so during the Subscription Period which opens on 12 May 2016 and will close on 25 May 2016.
Subscription, either directly or through the Rights holders’ broker or custodian, can be done through the Emirates NBD receiving bank branches outlined in the Rights Issue invitation, the UAE Fund Transfer System (FTS) through any UAE bank branch, Emirates NBD ATMs (Emirates NBD customers), Emirates NBD Banknet system (Emirates NBD Customers) or online through the DFM eIPO system using a valid iVESTOR card.
The Rights Issue was approved by the Dubai Parks and Resorts’ shareholders at its General Assembly Meeting, which took place on 18 April, 2016 in Dubai.
Through a combination of debt and equity funding, Dubai Parks and Resorts is seeking to raise a total of AED 2.67 billion to primarily finance the Six Flags Dubai theme park. AED 1.68 billion of the funding is being raised via the Rights Issue, and the remaining AED 993 million is being supplied through debt financing from Abu Dhabi Commercial Bank, Dubai Islamic Bank, and Sharjah Islamic Bank.
Once the Rights Issue has concluded, Dubai Parks and Resorts’ issued share capital will become AED 7,999,912,670. None of the additional capital being raised will be used to fund the existing Dubai Parks and Resorts development, which is expected to open in October this year.
Six Flags Dubai will be the fourth theme park at the Dubai Parks and Resorts destination and is expected to include around 27 thrill rides and attractions for all ages when it is planned to open in Q4 2019.
Raed Kajoor Al Nuaimi, Chief Executive Officer of Dubai Parks and Resorts stated that, “Since its inception, we have set out a clear strategy to enhance the growth potential of Dubai Parks and Resorts. In addition to our existing parks, which are on track and on budget to open in October, the Six Flags branded theme park – the first in the region – will further establish Dubai Parks and Resorts’ position as the Middle East’s largest leisure and entertainment destination. The Rights Issue offers our Shareholders an opportunity to have an active part in creating an even bigger resort and be a part of our future growth.”
Arqaam Capital Limited and Emirates Financial Services PSC are acting as Joint Bookrunners and Joint Lead Managers for the transaction. Emirates NBD Bank PJSC is the sole Receiving Bank.
For further details please refer to the Dubai Parks and Resorts’ Investor Relations web page http://www.dprcorporate.ae/investor-relations
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About Dubai Parks and Resorts
Dubai Parks and Resorts PJSC (DFM: DUBAIPARKS), is set to be the region’s largest integrated theme park destination comprising three theme parks: motiongate™ Dubai, a movie inspired theme park showcasing some of Hollywood’s most beloved characters from DreamWorks Animation, Sony Pictures Studios and Lionsgate; Bollywood Parks™ Dubai, the first theme park based on the sights and sounds of Bollywood; as well as LEGOLAND® Dubai, a unique, interactive theme park for families which will bring the well-known LEGO® brick to life in a playful learning environment; and LEGOLAND® Water Park, the region’s first water park catering to families with children aged 2-12.
The entire destination will be connected by Riverland™ Dubai – a retail, dining and entertainment walkway located at the heart of the destination and guests can stay at the Lapita™ Hotel, a Polynesian-themed resort catering to families, which will be managed by the Marriott Group.
Set to open in October this year, the AED 10.5 billion development is spread across 25 million square feet of land located on Sheikh Zayed Road, Dubai opposite the Palm Jebel Ali. 6.7 million ticketed visits are projected for 2017, the first full year of operation.
For further information please contact:
Marwa Gouda, Head of Investor Relations, Dubai Parks and Resorts
+97143785001
[email protected]
Jon Earl, Managing Director, FTI Consulting
+97144372104
[email protected]