Sunday 20 March 2016

Emaar considers stock listings for hotels unit along with Turkish and Indian businesses | The National

Emaar considers stock listings for hotels unit along with Turkish and Indian businesses | The National:

"Emaar Properties is considering the flotation of overseas units and its hotels arm to generate more growth capital and to return cash to shareholders.

The company has told investors that it is looking to “monetise core assets" through further initial public offerings of business divisions, such as its Turkish and Indian units, or through the creation of real estate investment trusts (Reits).

A spokesman for the company told The National that creating independent listed companies for individual segments or international arms of its group would “provide the businesses with appropriate financial and operational means to grow faster and become among the most successful companies in their industries"."



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