Emaar granted exceptions to IPO rules on the Dubai Financial Market, sources say | The National:
"Emaar Properties, Dubai’s leading developer, has been given approval to float shares in its malls business on the Dubai Financial Market, and exemption from restrictions that would normally apply to local-market initial public offerings.
Two senior sources in the Dubai financial hierarchy said the UAE regulator, the Securities and Commodities Authority, had given Emaar approval for an IPO on the DFM, easing rules on how much of its capital could be sold, how the price was set and what the proceeds could be used for.
The move means that Emaar is likely to abandon plans for simultaneous listings on the emirate’s international market, Nasdaq Dubai, and the London Stock Exchange announced by the board under the chairman, Mohamed Alabbar, in March."
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