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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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