Sunday 31, August 2014 by Robin AmlĂ´t

Emaar Properties announces intention to list Emaar Malls Group

Emaar Properties PJSC has announced its intention to proceed with the sale of existing shares in Emaar Malls Group (EMG) via an initial public offering (IPO) on the Dubai Financial Market (DFM). The Offering will be made available to individual investors (30 per cent of the Offering), as well as qualified institutional investors (70 per cent of the Offering), with 10 per cent being targeted for preferential allocation to existing Emaar Properties shareholders as at 10 September 2014. Emaar Properties expects to sell at least 15 per cent of EMG as part of the Offering.

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