Dubai – Mubasher: Emaar Properties on Thursday said that the size of Emaar Development’s initial public offering (IPO) is expected to equal the size of Emaar Malls’ IPO when listed on Dubai Financial Market (DFM) in 2014.
The IPO’s profits will be distributed in January 2018, after successfully finishing the IPO and its procedures, the company said in a bourse statement.
Two days ago, Emaar had announced that it will underwrite 20% of Emaar Development to individuals from 2 to 13 November, and companies from 2 to 15 November.
