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FINANCIAL NEWS
Emaar Misr to raise USD353m through 14.9 percent offering
01 Jun 2015
(MENAFN) Emaar Misr, a syndicated unit of Emaar Properties, is set to raise a total of USD353 million through offering 14.9 percent of shares, according to a corporate statement, Reuters reported.
The pricing is set to be USD0.58 per share, accumulating a total of USD353 million for Emaar Misr. The offer is divided into two tranches, one for retail investors and the second for institutional investors.
As one of world’s largest and most progressive property developers, Emaar Misr seeks to build an entire lifestyle tailor made to each of our developments.
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