The chairman and founder of the Al Habtoor Group, Khalaf Al Habtoor today met with senior officials from the Dubai financial sector to discuss a proposed initial public offering of the company on the recently merged Dubai Financial Market/Nasdaq Dubai. He welcomed Jeffrey Singer and Hamed Ali, Acting CEO, Nasdaq Dubai.
A statement from the group said it was ‘considering an IPO amid further strengthening the UAE’s prominent position in the capital markets and increased inflows from the eurozone. The group already has a high level of corporate governance and its financial statements are prepared under IFRS and audited by an independent firm.’
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