Emaar Malls IPO: no decision yet on timing
Dubai, August 14, 2014
Dubai's Emaar Properties said on Thursday it had not yet taken a decision on the timing of an initial public offering of its malls business, which was expected later this year.
In a statement released on the Dubai stock exchange, the firm said details of the proposed listing would be announced in "due course".
The Emaar Malls Group listing is expected to raise 8 to 9 billion dirhams ($2.18 billion - $2.45 billion), making it one of the region's largest equity offers since 2008.
Local media reports said the company would list its mall business on the Dubai stock exchange in mid-September. - Reuters