Emaar seeks nod to offload 30% development unit stake via IPO

19/09/2017 05:37 AST

Emaar Properties said it has sought a nod from its board in a meeting scheduled on September 20 to offer 30 per cent stake in its development unit through a primary offer. The board will also discuss its entry into a financing arrangement with First Abu Dhabi Bank, the company said in a statement posted on Dubai Financial Market's website.

Emaar had earlier said that it would use the proceeds of the IPO to distribute dividends among its shareholders. Emaar Properties closed 2.17 per cent higher at Dh8.93, after hitting a 52-week high nearing Dh9.


Gulfnews

News

Emaar unveils 220-key hotel project in Dubai

28/03/2018

Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, has expanded the portfolio of hotel projects under its Vida Hotels and Resorts brand, with the new Vida Za'abeel.<

Trade Arabia

Aldar and Emaar shares climb after Dh30bn strategic alliance

21/03/2018

The shares of Aldar and Emaar Properties, two of the the UAE's biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international project

The National

Emaar launches ultra luxury tower in Dubai

06/03/2018

Dubai-based Emaar Development has unveiled an exclusive collection of ultra-luxury apartments, penthouses and podium-level townhouses in The Grand, a spectacularly designed residential tower located

Trade Arabia

Most Viewed Companies

Ticker Price Volume
ARTEX 16.62 316,550
DU 6.55 441,215
A.OTHAIMMARKET 11.90 545,416
ALRAZI 43.00 800
CMCER 5.73 64,337
TIBBIYAH 37.60 3,005
FADECO 70.00 1,331

Valuation

EMAAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SOKOUK 49.00 -0.20 (-0.41%)
ALDAR 8.10 0.10 (1.25%)
MASAKEN 32.00 -1.50 (-4.48%)
EMAARDEV 8.82 -0.05 (-0.57%)
ERES 0.97 -0.02 (-1.53%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap