Emaar Malls PJSC News - Mubasher Info
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Emaar Malls PJSC (EMAARMALLS)

Last update: 15 November 2021 02:59 PM market time.
2.60
0.19
7.88%
Open 2.48
Previous Close 2.41
High 2.63
Low 2.45
Stock Statistics
Volume 122,775,378
Turnover 311,476,252.28
All data are 15 minutes late during market session

News

Photo Archive
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, …
Mergers and Acquisitions
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 …
Companies Investments
The revenues increased to AED 3.191 billion
8 November 2021 04:09 PM Emaar Malls reports 83% profit leap in nine months
Dubai – Mubasher: Emaar Malls achieved net profits of AED 1.070 billion during the first nine months of 2021, up by 83% year-on-year (YoY) from AED 586 million.  The revenues increased to AED 3.191 billion in the January-September period of 2021, …
Financial Results
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 …
Companies Investments
Al Hussaini has resigned due to personal reasons
26 September 2021 02:49 PM Emaar Malls' Chairman resigns
Dubai – Mubasher: Emaar Malls has announced the resignation of Mohamed Al Hussaini from his position as Chairman and member of the board. With immediate effect, Al Hussaini has resigned as the company's chairman due to personal reasons, according …
Board of Directors
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 …
Companies Investments
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 …
Companies Investments
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 …
Companies Investments
The companies generated revenues of AED 2.048 billion in H1-21
10 August 2021 02:31 PM Emaar Malls sees 80% higher profits in H1-21
Dubai – Mubasher: The net profits of Emaar Malls jumped by 80% to AED 622 million in the first half (H1) of 2021, compared to AED 345 million in the year-ago period. The companies generated revenues of AED 2.048 billion in H1-21, up 23% from AED …
Financial Results
The company's revenues reached AED 901 million in Q1-21
10 May 2021 09:43 AM Emaar Malls reports 16% lower profits in Q1-21
Dubai – Mubasher: The net profits of Emaar Malls dropped by 16% to AED 318 million in the first quarter (Q1) of 2021, compared to AED 378 million in the same quarter of 2020. The company's revenues reached AED 901 million in Q1-21, down 10% from …
Real estate
Burj Khalifa - (Photo Archive)
3 March 2021 00:09 PM Emaar Properties, Emaar Malls planning merger
Dubai – Mubasher: Emaar Properties and Emaar Malls jointly announced that each of their boards of directors has voted to recommend an all-share merger to their respective shareholders. The proposed merger will reinforce Emaar Properties’ position …
Mergers and Acquisitions
The company generated revenues of AED 3.508bn in 2020
10 February 2021 04:44 PM Emaar Malls registers 69% lower profits in 2020
Dubai – Mubasher: The net profits of Emaar Malls, majority-owned by Emaar Properties, slid by 69% to AED 704 million in 2020, compared to AED 2.286 billion in 2019. The company generated revenues of AED 3.508 billion in 2020, down 25% from AED …
Financial Results
Suri's responsibilities will be handled by Amit Jain
12 January 2021 09:24 AM Emaar Malls' CEO resigns
Dubai – Mubasher: The CEO of Emaar Malls, Rajiv Suri, has resigned from his position with immediate effect, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday. The company announced that Suri's responsibilities …
Management Decisions
The company's revenues decreased by 27%
10 November 2020 04:28 PM Emaar Malls reports 66% lower profits in 9M
Dubai – Mubasher: The net profits of Emaar Malls, majority-owned by Emaar Properties, recorded AED 586 million in the first nine months of 2020, down 66% from AED 1.7 billion in the year-ago period. The company's revenues decreased by 27% to AED …
Financial Results
Emaar Malls has appointed Rajiv Suri as a new CEO
3 September 2020 03:50 PM Emaar Malls names new CEO
Dubai – Mubasher: Emaar Malls, majority-owned by Emaar Properties, has appointed Rajiv Suri as a new CEO of the company. The new CEO will start managing Emaar Malls from 3 September, according to the company's disclosure to the Dubai Financial …
Management Decisions
Jafza will manage all regulatory activities at Gold & Diamond Park
2 September 2020 00:29 PM Jafza, Emaar Malls to regulate activities at Gold & Diamond Park
Dubai - Mubasher: Jebel Ali Free Zone (Jafza) has signed an agreement with Emaar Malls, to expand its licensing, visas, and other related activities to Emaar Mall's Gold & Diamond Park. As per the agreement, Jafza will manage all regulatory …
Companies Investments
EBITDA slid by 54% to AED 665m in H1-20
11 August 2020 03:22 PM Emaar Malls' net profits slid 69% in H1-20
Dubai – Mubasher: The net profits of Emaar Malls, majority-owned by Emaar Properties, plunged by 69% to AED 345 million in the first half (H1) of 2020 from AED 1.130 billion in the corresponding half of 2019. The company's revenues reached AED …
Real estate
Dubai is facing an economic recession
12 July 2020 00:55 PM S&P downgrades Emaar Properties' rating; outlook negative
Dubai – Mubasher: S&P Global Ratings has downgraded its rating for Emaar Properties and Emaar Malls to 'BB+' from 'BBB-' each, with a negative outlook due to the economic repercussion of the coronavirus (COVID-19) on Dubai's real estate sector. …
Macroeconomics
Mohamed Alabbar was chosen as chairman of Emaar Development
22 June 2020 11:07 AM Emaar Malls, Emaar Development appoint new chairmen
Dubai – Mubasher: Emaar Malls and Emaar Development appointed Mohamed Al Hussaini and Mohamed Ali Alabbar, respectively, as board chairmen. Emaar Malls has elected Ahmad Thani Rashed Al Matrooshi as a vice chairman, while Jamal bin Theniyah was …
Board of Directors
Sales of Namshi reached AED 1.028 billion in 2019
9 February 2020 03:43 PM Emaar Malls sees AED 2.286bn net profits in 2019
Dubai – Mubasher: The net profits of Emaar Malls, owned by Emaar Properties, increased to AED 2.286 billion ($622 million) in 2019 from AED 2.230 billion ($607 million) in 2018, according to Emaar Malls’ preliminary financial results for 2019. The …
Financial Results
Emaar Malls achieved a net profit of AED 1.130 billion
3 November 2019 05:58 PM Emaar Malls records AED 602m profit in Q3-19
Dubai – Mubasher: Emaar Malls achieved an increase of 12% in net profits to AED 602 million ($164 million) during the third quarter of 2019 when compared to AED 537 million ($146 million) in the same period last year. Revenues grew by 5% to AED …
Company News
Emaar Properties recorded a revenue of AED 11.569 billion for H1-19
4 August 2019 02:54 PM Emaar Properties logs $847m net profit in H1
Dubai – Mubasher: Emaar Properties, a leading global property developer based in the UAE, on Sunday revealed it has generated a net profit of AED 3.110 billion ($847 million) for the first half of 2019. The real estate giant has also recorded a …
Financial Results
Dubai Hills Mall will feature nearly 550 retail and entertainment destinations
1 August 2019 09:57 AM Emaar Malls to open Dubai Hills Mall in 2020
Dubai – Mubasher: Emaar Malls, the shopping malls and retail business unit of Emaar Properties, is planning to open its brand-new asset Dubai Hills Mall in 2020. Located in Dubai Hills Estate, the new mall will offer a gross leasable area (GLA) of …
Companies Investments
Emaar Malls posted an 8% rise in revenues to AED 1.152 billion in Q2-19
31 July 2019 02:14 PM Emaar Malls records AED 1.13bn net profit in H1-19
Dubai – Mubasher: Emaar Malls achieved a year-on-year growth of 3% in net profits during the first six months of 2019. Net profit stood at to AED 1.130 billion ($308 million) in H1-19, compared to AED 1.102 billion ($300 million) in the …
Cash Dividends
The company has not revealed any further details regarding this matte
2 July 2019 00:09 PM Emaar Mall’s CEO steps down
Dubai – Mubasher: Emaar Malls, a unit of Dubai's largest listed developer Emaar Properties, on Tuesday announced that its CEO Patrick Bousquwt-Chavanne has discontinued his role. The responsibilities of the CEO will be handled by the company’s …
Management Decisions