Emirates REIT reveals IPO price range | The National

Emirates REIT reveals IPO price range | The National:



"Emirates REIT, the UAE’s first property investment trust, said the price range it expects to sell shares to the public at would give the REIT a market capitalisation of up to US$408.6 million.



The Sharia-compliant real estate investment trust has set an indicative price range for the offering at between $1.36 to $1.56 per share for the 110.29 million shares it may sell after an over-allotment of 16.5 million shares, Emirates REIT said in a statement today. The management road show will start today and end on April 2 and it is expected that a definitive price at which the shares will sell will be announced a day or two later, it said."



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