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Emaar Properties PJSC (EMAAR)

Last update: 30 September 02:57 PM market time.
5.79
0.08
1.40%
Open 5.75
Previous Close 5.71
High 5.82
Low 5.68
Stock Statistics
Volume 7,845,252
Turnover 45,117,894.66
All data are 15 minutes late during market session

News

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21 September 05:49 PM Emaar Properties’ shareholders approve Dubai Creek Harbour takeover, sale of Namshi
Dubai – Mubasher: The shareholders of Emaar Properties have greenlighted the acquisition of Dubai Creek Harbour from Dubai Holding during their general meeting on 21 September. The stakeholders also approved the sale of Namshi Holding Limited to …
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26 August 02:13 AM Emaar Properties eyes over AED 628.5m profits from selling Namshi
Dubai – Mubasher: Emaar Properties expects to log net profits worth AED 628.68 million from the potential sale of Namshi Holding, owned by Emaar Malls, which is the real estate developer’s subsidiary. The UAE-based listed firm is selling Namshi to …
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15 August 07:10 PM Emaar Properties pens AED 7.5bn acquisition deal with Dubai Holding
Dubai – Mubasher: Emaar Properties plans to fully acquire Dubai Creek Harbour from Dubai Holding in exchange for AED 7.50 billion that will be paid equally in cash and shares of Emaar. Following the transaction, Dubai Holding will be the second …
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14 August 05:26 PM Emaar Properties posts higher profits at AED 4.3bn in H1-22
Dubai – Mubasher: Emaar Properties has reported net profits attributable to the owners worth AED 4.30 billion during the first half (H1) of 2022, higher than AED 1.56 billion in H1-21. Revenues amounted to AED 13.57 billion in the first six months …
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7 June 04:52 PM Moody's affirms Emaar Properties' ‘Baa3’ ratings, changes outlook to stable
Dubai – Mubasher: Moody's Investors Service (Moody's) has affirmed Emaar Properties’ long-term issuer rating at 'Baa3' and changed the outlook to stable from negative. The credit rating agency also affirmed the 'Baa3' ratings of the three backed …
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15 May 10:34 AM Emaar Properties' profits surge 241% in Q1-22
Dubai – Mubasher: The unaudited interim consolidated financials of Emaar Properties reported a 241% surge in net profits attributable to the owners to AED 2.23 billion in the first quarter (Q1) of 2022, compared to AED 656.86 million in Q1-21. The …
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21 November 2021 09:34 AM SCA approves Emaar's capital raise, Emaar Malls' delisting ahead of merger
Dubai – Mubasher: The Securities & Commodities Authority  (SCA) has approved the delisting of Emaar Malls from the Dubai Financial Market (DFM) and the capital increase of Emaar Properties to prepare for the merger. As a result of the merger, …
The company generated revenues of AED 19.331 billion
14 November 2021 03:55 PM Emaar Properties' net profits rise 25% in 9M
Dubai – Mubasher: The unaudited interim consolidated financials of Emaar Properties recorded a 25% year-on-year (YoY) increase in net profits attributable to the owners to AED 2.577 billion in the January-September period of 2021, compared to …
All the merger conditions have been met
11 November 2021 00:29 PM Emaar Properties, Emaar Malls set merger activation date
Dubai – Mubasher: Emaar Properties and Emaar Malls have announced the activation date of their merger and Emaar Properties' capital increase at the end of the trading session on 21 November 2021. The merger date was set as no objection was made …
The shareholders have also approved a rise in share capital
11 October 2021 09:59 AM Emaar Properties' OGM approves proposed merger with Emaar Malls
Dubai – Mubasher: The ordinary general meeting (OGM) of Emaar Properties has approved the proposed merger with Emaar Malls by issuing 0.51 new shares in Emaar for every one share in Emaar Malls, excluding those in Emaar. Following the completion …
Emaar is considering a number of options to sell Namshi
13 September 2021 02:26 PM Emaar selects Emirates NBD as advisor to sell Namshi
Dubai – Mubasher: Emaar Properties has selected Emirates NBD as its advisor to sell the fashion e-commerce business Namshi, sources told Reuters. Emaar is considering a number of options to sell Namshi, including a listing abroad through a special …
The merger is still subject to meeting multiple conditions
6 September 2021 03:02 PM Emaar, Emaar Malls get regulatory nod for merger
Dubai – Mubasher: Emaar Properties and Emaar Malls received the Securities and Commodities Authority’s (SCA) approval for the potential merger, according to a statement on Monday. The shareholders of Emaar Malls, excluding those in Emaar, will …
Emaar has contacted some banks for potential advice
1 September 2021 10:19 AM Emaar eyes selling e-commerce business Namshi
Dubai – Mubasher: Emaar Properties is considering a number of options to sell fashion e-commerce business Namshi, including a listing abroad through a special purpose acquisition company (SPAC), three sources told Reuters. One of the sources …
The company's revenues jumped by 52%
11 August 2021 04:18 PM Emaar Properties' net profits down 8% in H1-21
Dubai – Mubasher: The net profits of Emaar Properties decreased by 8% to AED 1.56 billion during the first half (H1) of 2021, compared to AED 1.698 billion in the corresponding half of 2020. The company's revenues jumped by 52% to AED 12.5 billion …
The Sukuk has been priced at 3.7% yield
13 July 2021 00:10 PM Emaar Properties lists $500m Sukuk on Nasdaq Dubai
Dubai – Mubasher: Emaar Properties has celebrated the listing of a $500 million Sukuk of a 10-year tenor on Nasdaq Dubai. The Sukuk issuance is part of the company's $2 billion trust certificates issuance programme solely listed on Nasdaq Dubai, …
The UAE Securities and Commodities Authority is reviewing the proposal
6 July 2021 00:14 PM Emaar Properties expects to delist Emaar Malls by end of 2021
Dubai – Mubasher: Emaar Properties forecasts to acquire a minority shareholding of Emaar Malls and delist the company by the end of 2021, the Emaar spokesperson told Reuters. The all-share deal to make Emaar Malls a wholly-owned subsidiary of …
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4 July 2021 02:54 PM Emaar Properties inks final terms to issue $500m Sukuk
Dubai – Mubasher: Emaar Properties has signed the final terms relating to the issuance of $500 million trust certificates with an annual return of 3.7%. Due in 2031, the senior unsecured Sukuk will be issued under the company’s $2 billion Trust …
Emaar has set initial price guidance of around 4.25% for the Sukuk
29 June 2021 10:14 AM Emaar Properties expected to raise $500m through Sukuk issuance
Dubai – Mubasher: Emaar Properties is expected to secure up to $500 million through 10-year US dollar-denominated Sukuk, Reuters reported. Emaar has set initial price guidance of around 4.25% for the Sukuk, as shown by a cited document from one of …
The Sukuk will be issued under a $2 billion trust certificate issuance programme
28 June 2021 09:31 AM Emaar Properties hires banks for 10-year Sukuk issuance
Dubai – Mubasher: Emaar Properties has hired banks to arrange for the issuance of the US dollar-denominated senior unsecured Sukuk of a 10-year tenor. The Sukuk will be issued under the company's $2 billion trust certificate issuance programme, …
Dubai's residential real estate market is gaining momentum
27 June 2021 02:21 PM S&P upgrades outlook for Emaar Properties to stable
Dubai – Mubasher: S&P Global Ratings has upgraded its outlook for Emaar Properties to stable from negative and affirmed its longterm credit rating at 'BB+'.  The global credit rating agency forecast that the earnings before interest, tax, …
The total property sales to date amounted to AED 10.5 billion
6 June 2021 01:55 PM Emaar Properties sees 250% YoY higher property sales in 5M
Dubai – Mubasher: Emaar Properties recorded a 250% year-on-year (YoY) surge in property sales in Dubai during the first five months of 2021, with expectations for higher growth in the first half (H1) of 2021. The total property sales to date …
Emaar's last issuance of international bonds was in 2019
6 June 2021 09:26 AM Emaar denies hiring banks for US dollar Sukuk issuance
Dubai – Mubasher: Emaar Properties has denied the news claiming that the company formally hired banks to issue US dollar-denominated Sukuk, according to a bourse filing on Sunday. Previously, sources told Reuters that the Dubai-based real estate …
Emaar has hired banks to issue US dollar Sukuk next week
3 June 2021 09:33 AM Emaar Properties hires banks to issue US dollar Sukuk
Dubai – Mubasher: Emaar Properties has hired banks to issue US dollar-denominated Sukuk next week, two sources told Reuters without announcing the amount that the company seeks to raise. Emaar's last issuance of international bonds was in 2019 to …
The company generated revenues of AED 5.993 billion in Q1-21
10 May 2021 02:23 PM Emaar Properties' net profits rise 8% in Q1-21
Dubai – Mubasher: The net profits of Emaar Properties increased by 8% to AED 657 million in the first quarter (Q1) of 2021 from AED 609 million in the same quarter of 2020. The company generated revenues of AED 5.993 billion in Q1-21, up 12% from …
The cash dividend payout stands at 10 fils per share
12 April 2021 09:31 AM Emaar Properties' OGM approves 10% dividends
Dubai – Mubasher: The ordinary general meeting (OGM) of Emaar Properties has approved the distribution of cash dividends, equivalent to 10% of the share capital. The cash dividend payout stands at 10 fils per share, aggregating at a total amount …