Network International

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Network International
Public
Traded asLSENETW
IndustryPayment solutions
Founded1994; 25 years ago (1994)
HeadquartersDubai
Key people
Rohinton Kalifa
(Non-executive chairman)
Simon Haslam
(Chief Executive Officer)
Revenue$297.9 million (2018)[1]
$75.2 million (2018)[1]
$23.4 million (2018)[1]
Websiteinvestors.networkinternational.ae

Network International Holdings provides technology-enabled payments solutions to merchants and financial institutions in the middle east. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded as a subsidiary of Emirates Bank in 1994.[2] The Abraaj Group bought a 49 per cent stake in the business in 2011.[3] The Abraaj Group sold its stake to Warburg Pincus and General Atlantic in 2015.[3] The company was the subject of an initial public offering in April 2019.[3]

References[edit]

  1. ^ a b c "Prospectus" (PDF). Network International. Retrieved 16 June 2019.
  2. ^ "Network International considers options for initial public offering". The National. 22 September 2015. Retrieved 17 June 2019.
  3. ^ a b c "Network International Sells $1.4 Billion of Stock in Europe's Biggest IPO of 2019". Bloomberg. 10 April 2019. Retrieved 17 June 2019.

External links[edit]