The decision to hive off the unit in a public share sale anda listing on the Dubai Financial Market came after an internalreview of Emaar’s asset values, Emaar said in a statementpublished on the Dubai bourse website.
Subject to market conditions, the funds raised through thesale of equity would be distributed to shareholders of EmaarProperties, it said.
(Reporting by Hadeel Al Sayegh; Editing by Stephen Coates)
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