Tuesday 21 November 2017
 
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Eshraq

Abu Dhabi's Eshraq, Reem Investments in merger talks

Eshraq Properties and Reem Investments have announced that they are in talks to join forces to create a mega-listed real estate company in Abu Dhabi, UAE. A statement said: “Discussions are at an advanced stage over a potent

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Eshraq Properties back in black

The UAE-based Eshraq Properties posted a profit for the second quarter of this year after reporting losses for the last two years, the listed real estate firm said. The company realised a profit of Dh636,000 ($173,155), against a

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Eshraq awards Marina Rise contract to Al Sweidi & Shams

Eshraq Properties Company, a UAE-headquartered and listed real estate developer, has awarded a contract worth Dh144 million ($39.21 million) to Al Sweidi & Shams Contracting for executing the main works of the Marina Rise project at Al Reem

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Mubadala, Eshraq to set up Abu Dhabi real estate JV

UAE-based developers Mubadala Development Company and Eshraq Properties have announced plans to set up a new real estate company which will jointly develop plots in Abu Dhabi. The move comes following the signing of a heads of ter

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Eshraq launches three big projects in UAE

Eshraq Properties, a leading real estate company, has announced three major projects - Jumeirah Village Circle (Dubai) and Marina Rise Project and The Gateway (Abu Dhabi), thus expanding its property portfolio in the UAE. Jumeirah

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First Saudi cross-listing: a trend-setter?

  An Abu Dhabi real estate developer's plan to list its shares in Saudi Arabia is a step towards making Gulf equity markets more international. But it is not clear that the company will benefit enough to start a trend.

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Eshraq eyeing UAE, Saudi property markets

Newly-listed Eshraq Properties plans to focus on three real estate projects in the UAE and expand into Saudi Arabia in the short-term, its chairman told Reuters. Eshraq, which secured listing on the Abu Dhabi Securities Market on Thursday,

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Eshraq Properties raises $225m in IPO

UAE property firm Eshraq raised Dh825 million ($225 million), its target amount, in an oversubscribed offer that signals renewed interest in the battered property sector, bankers said on Thursday. Eshraq's initial public offering, the

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Eshraq plans to sell 55pc stake in IPO

UAE property firm Eshraq plans to sell a 55 per cent stake worth an estimated $224 million in an initial public offering (IPO) next month and list on the Abu Dhabi stock exchange (ADX), a banker has said. The banker said that several UAE b

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