Emaar Properties to list malls unit on bigger bourse
[DUBAI] Dubai's Emaar Properties said yesterday it will list up to 25 per cent of its malls business on the Dubai Financial Market (DFM), a shift from earlier plans to list on the emirate's smaller Nasdaq Dubai exchange.
The builder of one of the world's largest malls - Dubai Mall - said it had received regulatory approval for the primary listing of up to a quarter of Emaar Malls Group.
Companies listing on DFM are normally required to float stakes of at least 55 per cent but exceptions to the rule have been made in the past.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%