Dubai payment firm Network International to list in London

DUBAI, United Arab Emirates — The Dubai-based payment processing firm Network International, which completes credit card transactions across the Middle East and North Africa, is preparing for an initial public offering.

The company made the announcement on Thursday, saying it planned to list on the London Stock Exchange. It plans to free float at least 25 percent of the company's share capital.

The stock prospectus for the company, founded in 1994 as a subsidiary of Dubai's Emirates NBD Bank, had revenues of $298 million in 2018. It said it processed some $40 billion in transactions last year.

The company is owned by Emirates NBD and Warburg Pincus and General Atlantic, a U.S. private equity firm.

People also read these

Authorities: Several demonstrators killed in...

Jun 2, 2017

Authorities say several killed during demonstration in Kabul calling for better security in Afghan...

IS targets Iraq Embassy in Kabul; all 4 attackers...

Jul 31, 2017

IS suicide bombing targets Iraq Embassy in Kabul; hours-long gunbattle ends hours later with all 4...

Young Afghans see opportunities dwindle as...

Aug 16, 2017

Young Afghans face dwindling opportunities, mounting fears as security unravels

Kabul catwalk: Afghan models show off traditional...

Aug 17, 2017

Amid tight security, Afghan models promote traditional clothing of country's ethnic groups in rare...

On Afghanistan's front lines, US commanders await...

Aug 22, 2017

Deep in the mountains of eastern Afghanistan, where Afghan troops are on the front lines against...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress