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Emirates REIT sees Nasdaq listing next month

: Monday, March 24 - 2014 @ 02:30

Dubai-based real estate investment trust, Emirates REIT has said it has set the price range for its initial public offer of shares at $1.36 to $1.56 per share, and expects the listing on Nasdaq Dubai to occur around the middle of next month, Reuters has reported. The company, valued at between $356.2m and $408.6m, said it will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.

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Monday, March 24- 2014 @ 2:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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