Dubai - Mubasher: Dubai Financial Market (DFM) on Wednesday announced the listing of Emaar Development, a subsidiary of Emaar Properties, under the trading symbol of EMAARDEV, bringing the total number of listed companies to 63.

“Today is a transformative day for Emaar Development, and marks an important next step in our work of shaping cities of the future,” said Mohamed Alabbar, Emaar Development’s chairman, according to a bourse statement.

“We are delighted to welcome the listing of Emaar Development on DFM, which underlines the unique and fruitful partnership with Emaar Group, Essa Kazim, DFM’s chairman commented.

Emaar Development’s 800 million-share IPO has generated AED 4.82 billion, with a share price of AED 6.03, the DFM concluded.