By: Amr Adel
Dubai – Mubasher: Goldman Sachs is currently hired by Emaar Properties to operate the initial public offering (IPO) for its real estate business in the UAE, a spokesman of Emaar said on Thursday.
At the beginning of June this year, Emaar said it had plans for issuing 30% or above of its real estate business development in the UAE for an IPO, based on the market’s condition.
