By: Mahmoud Gamal

Dubai – Mubasher: Emaar Properties plans to launch two initial public offerings (IPOs) in the coming years in order to be able to distribute generous dividends and pay some dues, analysts told Mubasher on Sunday.

Earlier in April, Emaar Properties’ chairman Mohamed Alabbar told Bloomberg TV that the coming three years will see Emaar units in India and the group’s hospitality business “going public”.

Emaar’s success in the retails and malls sector and its huge dividends will encourage the UAE-based group to experience a hospitality IPO, MindCraft Consultants’ CEO Fadi Al Ghattis said.

Timing is the main indicator of the potential IPO’s success in attracting investors, Al Ghattis added.

The new IPOs are a money-generation instrument, which could ranks up Emaar’s hospitality unit, and consequently, the parent company itself, senior financial analyst at Mena Corp Issam Kassabieh noted.

Emaar needs to be more transparent regarding the IPO and dividend data to spur more investments, the analyst remarked.

Translated by: Muhammad Khalid