Emaar says - IPO - to be dual listing in London and Dubai - IPO - ArabianBusiness.com:
"Dubai developer Emaar is to list its shopping malls and retail subsidiary on both the Dubai and London stock markets, the company’s chairman Mohamed Alabbar has confirmed.
In an interview to be published in Arabian Business on Sunday, Alabbar said: “This will be a dual listing. We are a Dubai company so we have to be in Dubai, but we will list in London. I would like to do this quickly and am shooting for before Ramadan.”
Alabbar also confirmed the local listing would take place on the NASDAQ Dubai stock exchange.
Emaar said on Saturday that it will list up to 25 percent of the Emaar Malls Group equity through a secondary offering of shares. It added that the listing of other Emaar subsidiaries will also be considered "as and when appropriate". The company’s Egyptian operation and hospitality group are also both being primed for a stock market float, with Alabbar adding that he wouldn’t rule out further IPOs."
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