The second tranche of Egyptian property company Emaar Misr's initial public offering (IPO) was oversubscribed by about 36 times, the Cairo stock exchange said on Thursday.
The listing is expected to be the largest flotation on
Egypt's Emaar Misr has priced its initial public offering at E£3.8 ($0.4980) per share, parent firm Emaar Properties said on Thursday.
Based on this offer price, Emaar Misr’s market capitalisation at listing will b
Dubai's Emaar Properties announced the price range on Thursday for the initial share sale in its Egyptian unit, giving an offer size of E£2.55 billion ($334 million) at the top of the range.
The initial public offer will
Dubai's Emaar Properties plans to list a 13 per cent stake in its Egyptian unit on Cairo's stock exchange, the largest listed developer in the UAE said on Wednesday.
The share sale will comprise a public offering to retail
Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, has announced its expansion to Bahrain with plans to open four new properties.
The group has also signed hotel and serviced reside
Dubai-based real estate developer Emaar Properties has re-elected Mohamed Alabbar as the board chairman, as the company gears up for its next level of growth with ambitious joint venture projects worth Dh200 billion ($55 billion) in Dubai.
Dubai's Emaar Properties forecast a 2015 net profit of Dh3.695 billion ($1.01 billion), according to a presentation at the developer's annual shareholder meeting.
This is higher than the Dh3.366 billion average forecast fo
Dubai-based Emaar has a land bank of more than 235 million sq m and it is enough for decades to come, the company's chairman has been quoted as saying.
Mohamed Alabbar, in an interview with Arabian Business, said he had
The chairman of Emaar Properties has insisted he remains committed to the Dubai-based developer in the face of concern about the number of roles he has taken on at other real estate companies.
Shareholders are expected to raise qu
As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai's skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf - open shareholder dissent.