emaar board approves public offering of property development unit
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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Emaar board approves public offering of property development unit

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Themuslimchronicle, themuslimchronicleEmaar board approves public offering of property development unit

Emaar Development is behind communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina and Arabian Ranches
Dubai - Muslimchronicle

 Emaar Properties said on Sunday it plans to sell a 20 percent stake in its property development business unit Emaar Development next month in an initial public offering.
The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai.
Emaar Development is behind communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina and Arabian Ranches, and has delivered over 34,500 residential units since 2002.
Retail investors can subscribe to the offering between November 2 to 13, while offers from qualified investors can be made from November 2 to 15, Emaar said in a statement.

Source:Arabnews

 

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emaar board approves public offering of property development unit emaar board approves public offering of property development unit

 



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