Emaar Chairman Says Now Is Good Time to Weigh Retail Spinoff - Bloomberg:
"Emaar Properties PJSC (EMAAR) said the “current environment” makes it a good time for the Dubai property developer to consider spinning off its retail business into a separate company to increase investor returns.
“These units are doing extremely well. We probably in the future will have to look at it again and see if we should entertain that and what that would bring in value to our shareholders,” Chairman Mohamed Alabbar said in a Bloomberg Television interview yesterday. “I haven’t taken any decision yet.”
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