Find in the news:
BY COUNTRY

Exemption prompts Emaar to list mall unit on main Dubai market



Emaar Properties PJSC plans to list 25% of its retail division on the Dubai Financial Market.
This was prompted by an exemption from the rules requiring listed companies to sell a minimum of 55%. The MD of the company said the scrapping of plans to sell its shares on the Nasdaq Dubai and in London  was the right decision and the chance of success has been increased greatly, Bloomberg says.  

The developer is currently benefiting from a property market which is recovering from the 2008 crash.  The company has plans to raise about $2.45bn in a sale in June and the funds will be issued as a dividend to its shareholders.

The timing of the listing and public offering will be announced later.  Existing shareholders will get the first choice of the stock, with amounts being set aside for the general public and financial institutions.
The developer holds more than 5.8m sq ft (539000m²) of gross leasable space in Dubai. 

At the close of Dubai trading, Emaar was up 3.7% at 10 dirhams.  The shares have grown 44% this year, providing the company with a market value of 71.6bn dirhams.  It is the largest company on the DFM General Index, being responsible for 22% of the total value. 

More about shopping malls in the United Arab Emirates

DAY BEFORE YESTERDAY, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
Mar 30, 2020, Germany:
Several major retailers in Germany have decided to stop paying rent for stores that are forced to idle due to the coronavirus epidemic.
Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
Mar 26, 2020:
To support as many people as possible during difficult times, Nike makes its applications with exercise programs and video training available to everyone.
Mar 25, 2020, USA:
According to the company, it will gradually reopen stores in the regions where this situation allows.
Mar 24, 2020, Sweden:
The total number of closed stores around the world reached 3440 out of 5060.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us