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Emaar denies Emaar Malls IPO mid-September

Emaar denies Emaar Malls IPO mid-September
Emaar
EMAAR
-0.49% 8.15 -0.04
In a statement to the Dubai Financial Market (DFM), Emaar Properties denied media reports published yesterday about “Emaar Malls IPO to be launched mid-September”.

We would like to clarify that these reports are purely speculative and no decision has yet been taken on the timing of the proposed offering, Emaar Properties said in its DFM statement, adding that the details of the proposed listing of Emaar Malls Group will be announced in due course.