Emaar shareholders to have priority in IPO
DUBAI, September 3, 2014
Investors holding shares in Dubai's Emaar Properties at the end of trading on September 10 will qualify for priority allotment in the flotation of its mall unit later this month, the developer has said.
Emaar plans to float at least 15 percent of its shopping malls and retailing unit on Dubai's main stock market and will list the shares in October, it said on Sunday.
Ten percent of the offer will be reserved for Emaar Properties shareholders at the end of trading on September 10, according to a bourse statement on Wednesday. -Reuters