Friday, 26 November 2021

#UAE's SHUROOQ considering stock market float in 2022 | ZAWYA MENA Edition

UAE's SHUROOQ considering stock market float in 2022 | ZAWYA MENA Edition

Sharjah Investment and Development Authority is considering floating one of its companies on the local stock markets in 2022, according to its CEO.

The company, also known as SHUROOQ, has a separate portfolio of real estate, tourism, industrial and transportation projects, with a value exceeding 12 billion dirham ($3.2 billion), of which around 6 billion dirham are real estate projects.

Marwan J. Al-Sarkal made the comments while appearing on a panel at the Sharjah International Travel and Tourism Forum on Wednesday.

Al-Sarkal said that SHUROOQ will witness for the next 10 years establishments and developments for tourism and real estate projects out of Sharjah.

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