Published: Sep 24, 2014
Source: Emirates 24|7

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Emaar Malls likely to price share at Dh2.90

Institutional tranche subscribed at 7.5 times while retail tranche is subscribed 20 times

Emaar Properties, Dubai's largest listed developer, is likely to price the flotation of its malls unit at Dh2.90 a share, the top of its range, two sources familiar with the matter said on Wednesday.

The price would give the unit a value of Dh37.7 billion ($10.26 billion), one of the sources said- By Reuters. Read more>>>

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