Al Habtoor Group, the Dubai-based conglomerate, had ambitious plans to list on as many as four stock exchanges prior to the unexpected postponement of a US$1.6 billion (Dh5.88bn) initial public offering (IPO) last month.
Khalaf Al Habtoor, the chairman of the hotels to automobiles combine, said the company was considering listings on the Dubai Financial Market, Nasdaq Dubai, the London Stock Exchange, and even Saudi Arabia's Tadawul market.
The move would have been groundbreaking for the UAE. No other company is listed on both Dubai exchanges, which have common trading and back-office services but which also have significantly different listing rules.
Al Habtoor eyed listings on up to four bourses - The National
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