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FINANCIAL NEWS
Dubai’s Emaar to sell 25 percent of its malls business
26 May 2014
(MENAFN) Dubai’s Emaar Properties plans to sell 25 percent of its malls business by listing on the Dubai Financial Market (DFM), according to Arabian Business.
Companies listing on DFM are normally required to boost stakes of at least 55 percent but exceptions to the rule have been made in the past.
The company is expected to raise USD2.18 billion to USD2.45 billion), making it one of the region’s largest equity offers since 2008.
The offering timing is not yet mentioned and is expected to be announced soon.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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