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Emaar Properties, Emaar Malls set merger activation date

Emaar Properties, Emaar Malls set merger activation date
All the merger conditions have been met
Emaar Malls
EMAARMALLS
7.88% 2.60 0.19
Emaar
EMAAR
-0.49% 8.15 -0.04

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 and all the merger conditions have been met, according to a bourse filing on Thursday.

It is noteworthy to mention that in October 2021, the ordinary general meeting (OGM) of Emaar Properties 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.