MIDEAST STOCKS-Gulf sluggish, blue chips lift Egypt:
"Gulf markets remained sluggish on Thursday despite activity in Dubai’s Emaar Properties after its local property development arm set an indicative price range for its initial public offering (IPO) while a couple of blue chips boosted Egypt.
Emaar Development set a range of 5.7 dirhams to 6.9 dirhams per share, valuing the company at between 22.8 billion and 27.6 billion dirhams ($6.21 billion-$7.52 billion).
Proceeds from the IPO, and possibly other funds, are expected to be paid to Emaar Properties shareholders as a special dividend by the end of January."
'via Blog this'
No comments:
Post a Comment