Emaar malls unit set for $9bn DFM flotation mid-September | The National:
"Emaar Properties, the developer of the Dubai Mall, will float its malls division on the Dubai Financial market in a Dh9bn initial public offering as early as the middle of next month, in a move that will be a further boost to UAE stock markets.
Advisers to the IPO say about 25 per cent of the business will be put up for sale on the local market, increasing the capitalisation of the DFM by about 10 per cent at a stroke and enhancing the liquidity of Dubai’s main market for retail investors.
The IPO will be the biggest on any UAE market since the listing of DP World in late 2007, and will be the centrepiece of a busy post-summer period for UAE markets."
'via Blog this'
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