People have their pictures taken near an Emaar sign outside the Dubai Mall March 15, 2014. (REUTERS/Ahmed Jadallah)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Emaar Properties PJSC jumped the most since September, as the developer of the world's tallest skyscraper plans a $2.45 billion share sale of its shopping malls to reward stockholders.The shares surged as much as 6.8 percent, the most since Sept. 10, to 9.25 dirhams, before trading at 9.12 dirhams as of 1:06 p.m. in Dubai Sunday. The estimated 8 billion dirhams ($2.2 billion) to 9 billion dirhams generated from the public offering will primarily be distributed to shareholders as dividend, Emaar said, without giving a time frame for the sale.The retail business posted a 20 percent increase in revenue last year to 2.84 billion dirhams as the Dubai Mall received 75 million shoppers.Emaar reported a 21 percent surge in full-year profit to 2.57 billion dirhams.
FOLLOW THIS ARTICLE