Stock markets in United Arab Emirates closed higher on Friday as rising oil prices and IPO plan boosted investor sentiment in the region.
UAE schools operator Taaleem Holdings priced its initial public offering at 3 dirhams ($0.8168) a share, the top end of a range announced last week.
Taaleem’s shares will begin trading on Nov. 29 and will have an expected market capitalisation of 3 billion dirhams at the time of listing.
The market in neighbouring Abu Dhabi also been cheering as it got…