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A real estate investment trust, Emirates REIT, said Tuesday that it planned to raise at least 500 million dirhams ($135 million) in Dubai's first initial public offer of shares since 2009 .Emirates REIT, which was formed in 2010 as the UAE's first REIT and complies with Islamic investment principles, appointed Shuaa Capital and Emirates NBD joint book runners for the IPO.Nasdaq Dubai IPOs usually sell at least 25 percent of a company.Dubai Islamic Bank owns 30.9 percent of the firm, two units of the Dubai Holding conglomerate own a combined 27.1 percent, Emirates NBD owns 4.5 percent, Egyptian investment bank EFG-Hermes has 4.2 percent and Dubai property developer Deyaar has 3.4 percent.
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