FINANCIAL NEWS

Dubai’s Emaar to sell 25 percent stake in Dubai Mall

16 Mar 2014

(MENAFN) Dubai’s Emaar Properties plans to sell up to 25 percent of its shopping mall and retailing unit in a public offer, according to Arab News.

The company is expected to raise as much as USD2.18-2.45 billion, becoming the region’s largest equity offers since 2008.

Dubai-listed Emaar’s flagship mall, Dubai Mall, has attracted more than 75 million visitors in 2013, and is considered as one of the largest in the country.

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