Emaar considers DIFX listing, among others
Emaar Properties, the largest Arab real estate developer by market value, said on Thursday it might consider a secondary listing on the Dubai International Financial Exchange (DIFX), among other bourses.
It is the first time Dubai-based Emaar, which is listed on the Dubai Financial Market, suggested a presence on the DIFX, an exchange the emirate set up in 2005 to tap a growing market in initial public offering and offer foreign companies second listing access to Gulf Arab wealth.
The DIFX, where shares of Dubai-based port manager will list on Monday, operates according to international regulatory standards. "We have always considered the possibility of a dual listing on the DIFX, London, New York, or any other international stock exchange," Emaar said in a statement on the Dubai bourse Web site. It did not give details.
Emaar plans to list shares in London during the next year.
"Emaar is considering listing on the London Stock Exchange and the estimated timeline is the next twelve months," Mohamed Alabbar told Arabian Business in a preview of an interview subsequently published on Nov. 18. (REUTERS)
It is the first time Dubai-based Emaar, which is listed on the Dubai Financial Market, suggested a presence on the DIFX, an exchange the emirate set up in 2005 to tap a growing market in initial public offering and offer foreign companies second listing access to Gulf Arab wealth.
The DIFX, where shares of Dubai-based port manager will list on Monday, operates according to international regulatory standards. "We have always considered the possibility of a dual listing on the DIFX, London, New York, or any other international stock exchange," Emaar said in a statement on the Dubai bourse Web site. It did not give details.
Emaar plans to list shares in London during the next year.
"Emaar is considering listing on the London Stock Exchange and the estimated timeline is the next twelve months," Mohamed Alabbar told Arabian Business in a preview of an interview subsequently published on Nov. 18. (REUTERS)
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