Emaar
EMAAR
EMAAR
Emaar Malls Group (EMG) has set the price range for its shares between AED 2.50 and AED 2.90 per share and will determine the final selling price following a book-building process, the Company said in a statement to the Dubai Financial Market (DFM).
Emaar Malls will reveal the setting out of the final offer price in due time, it added.
Moreover, the Company’s Board of Directors will announce EMG’s financials till June 30, 2014, in addition to a summary of the Board of Directors’ report submitted for listing purposes on October 2, via the DFM.
It is worth noting that EMG’s IPO is considered the largest in the UAE since 2007. Moreover, it is expected to receive strong demand from a variety of investor bases, both individual and institutional investors from the UAE, GCC, foreigners and from government bodies.
Emaar Malls will reveal the setting out of the final offer price in due time, it added.
Moreover, the Company’s Board of Directors will announce EMG’s financials till June 30, 2014, in addition to a summary of the Board of Directors’ report submitted for listing purposes on October 2, via the DFM.
It is worth noting that EMG’s IPO is considered the largest in the UAE since 2007. Moreover, it is expected to receive strong demand from a variety of investor bases, both individual and institutional investors from the UAE, GCC, foreigners and from government bodies.
Source:
Mubasher
