Emaar Malls Listing Could Be First Of Other Emaar IPOs
Earlier this week Dubai real-estate conglomerate Emaar Properties announced it will be launching the initial public offering of its profitable malls business in September. This move is positive for existing Emaar investors as a spinning off and separate listing will most likely raise the value of the Emaar Malls Group and if it is a success it could be the start of other Emaar operations also listing separately to maximize their valuations.
Al Rajhi Capital (ARC) has successfully concluded the initial public offering (IPO) of the Al Rajhi REIT Fund—Saudi Arabia’s… read more
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