Emaar sees no material impact from hotel blaze

Dubai-Mubasher: Dubai-listed Emaar Properties "The Address Downtown" hotel saw fire on Sunday, yet the accident should have no material impact on the company, according to a bourse filing.

A huge fire erupted in the 63-storey hotel on New Year’s Eve, 31 December 2015.

The company’s stock fell 1.9% to reach AED 5.58 by 1:00pm UAE time.

Mubasher Contribution Time: 03-Jan-2016 09:07 (GMT)