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FINANCIAL NEWS
UAE’s Emaar unit sales hits six-month high
17 Mar 2014
(MENAFN) Emaar Properties PJSC logged its highest unit sales since September, as the developer of the world’s tallest skyscraper plans a USD2.45 billion share sale of its shopping malls to reward stockholders, Daily Star reported.
The shares grew 6.8 percent, the most since September, from USD2.72 to USD2.51 Dollars, before trading at USD2.48.
The total of USD2.2 billion to USD2.45 billion were generated from the public offering will primarily be distributed to shareholders as dividend.
The developer got an investment grade rating last month for the first time in four years at Standard & Poor’s, as Dubai’s property market grew in the middle of an economic recovery.
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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