Emaar Development finishes biggest UAE IPO for three years

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Emaar Development finishes biggest UAE IPO for three years

Aidan Gregory
November 16, 2017 05:00 PM
Emaar PA 230x150
A view of Dubai Metro rail and Burj Khalifa/Dubai Mall station on the Red Line near Dubai's downtown. On Monday, 6 February, 2017, in Dubai, UAE. (Photo by Artur Widak/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Emaar Development, the real estate development unit of Emaar Properties, has priced its Dh4.8bn ($1.4bn) IPO below the mid-point of the initial range, valuing the business at Dh24.1bn ($6.6bn).

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Topics

Equity IPOsEquityUnited Arab EmiratesMiddle EastBank of AmericaEmerging MarketsEMEAMiddle East EquityGoldman SachsEM Middle EastGCC
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Aidan Gregory
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