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Emaar in talks to list malls unit on DFM

April 30, 2014 11:05 am

Dubai-based developer Emaar Properties is in talks with regulators about the possibility of listing its shopping malls unit on Dubai Financial Market (DFM), the emirate’s main bourse, instead of Nasdaq Dubai, Reuters has reported. Last month, Dubai’s biggest property firm hired Morgan Stanley to manage an Dhs8-9bn ($2.2-2.5bn) listing of the unit, which would be one of the biggest equity deals in the region for years. Emaar has said it wants to offer as much as 25% of the malls unit.