Limited liquidity has again led to a sharp rise in the share price of a small company that has recently floated. The standard list shell MENA-Land (LON:MENA) share price has risen by 30% to 130p (bid/offer spread of 125p/135p) on no reported trades.
MENA is seeking to acquire property development assets in the UAE. The company is controlled by the Alhammadi family, which has interests in property and infrastructure projects in the UAE.
Management believes that this is a good time to become involved in property in the UAE because oil prices have improved, and this should help to accelerat...
