Monday 18 June 2018

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 (IPO) 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

Tags: IPO | Emaar | Malls Group |

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