Emaar eschews Nasdaq, LSE for mall listing on DFM

dubai mall right size
By Andrew Griffin
29 May 2014

Emaar will IPO its mall unit on the Dubai Financial Market after receiving a waiver on the restrictive requirements that have sent many competitors to other exchanges. Some of those competitors had hoped to snap up the Emaar Malls deal, which could be worth up to $2.5bn.

The Dubai Financial Market requires a company to list 55% of the company, a rule that has sent many firms in the region to the newer Nasdaq Dubai and London Stock Exchange. But Emaar will list 25% of the spun-off Emaar Malls Group, and distribute the ...

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