Dubai Parks & Resorts (DPR) has announced today the launch of its rights issue intended to raise AED1.68 billion to primarily finance the development of the planned Six Flags theme park. The trading of the rights will start on 4 May, while the subscription period will start on 12 May. Meraas is set to exercise part of its rights, by transferring the remaining number of its rights to a number of committed investors, who agree to exercise such rights in full. The committed investors have also agreed to subscribe to more than 80% of the public shares, should they not be subscribed for by the holders of rights. (Company disclosure)