Dubai Tourism

Emaar Malls opts for Dubai Financial Market

News   •   May 27, 2014 07:32 GMT

KHALEEJTIMES.COM: Emaar Properties, the operator of the world’s largest mall, has announced a plan to float 25 per cent shares of its Emaar Malls Group on the Dubai Financial Market, or DFM, as a primary listing. Last February, the Dubai-based developer announced its plan to raise up to Dh9 billion through initial public offering, using the generated funds primarily to distribute as a dividend to Emaar
Properties shareholders.