Dubai Holding has no plans to float firm or its units -CEO | Reuters

Dubai Holding has no plans to float firm or its units -CEO | Reuters:



"Dubai Holding, the investment vehicle of the emirate' s ruler, has no plans to list itself or any of its subsidiaries on the stock market, its chief executive said on Tuesday.



Dubai Financial Market, the emirate's main bourse, attracted a flurry of flotations late last year, most notably the 5.8 billion dirham ($1.58 billion) listing of Emaar Malls Group, as the initial public offer industry returned to life following a five-year hiatus.



But Dubai Holding and its subsidiaries, which include hotel group Jumeirah and real state developer Dubai Properties, have no plans at present to join them."



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