Wednesday 25 December 2013

Dubai developer Nakheel mulls IPO once liabilities are cleared | The National

Dubai developer Nakheel mulls IPO once liabilities are cleared | The National:

"Nakheel, the property group behind some of Dubai’s most glamorous projects, is considering a stock market flotation once its financial restructuring has been worked through.

Ali Rashid Lootah, the chairman of the company behind the Palm Jumeirah and The World developments, revealed in an interview with The National that an initial public offering could go ahead once the company’s liabilities hd been cleared in 2018.

“At the moment we are looking at meeting commitments to lenders and investors, but we will look at an IPO in the future."

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