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FINANCIAL NEWS
Emirates REIT to raise USD135m in IPO
11 Mar 2014
(MENAFN) The first real estate investment trust in the UAE, Emirates REIT, said that it plans to raise at least USD135 million through an initial public offering of shares, Arabian Business reported.
The proceeds will be used for possible future acquisitions and investment in existing assets.
As of last December, the company had 10 properties comprising 1.2 million square feet of net leasable area, while its total assets were valued at USD333 million.
More News
08 Apr 2026
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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