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Dubai Financial Market Welcomes the Listing of "Emaar Malls Group" (PJSC)
Oct 02, 2014
Dubai Financial Market (DFM) today announced the listing of Emaar Malls Group (PJSC), as trading commenced on the company’s shares under the trading symbol (EMAARMALLS), which appears on DFM screens, trading system and publications within the Real Estate Sector.
The new listing further fortifies the prominent position of DFM as the most favored listing venue for leading local and regional companies and lifts the total number of listed companies to fifty-six.
 
It is noteworthy that the IPO of Emaar Malls Group is the biggest of its kind in the UAE since 2007 and has been implemented through the DFM “eIPO” platform, a sophisticated and efficient solution for IPO subscription directly linked with the receiving banks which enables investors also to swiftly subscribe online via different channels e.g. ATM’s, Internet Banking and iVESTOR card, which enabled the swift listing of the company immediately after the conclusion of its IPO for the first time.
 
Mohamed Alabbar, Chairman, Emaar Malls Group (PJSC), His Excellency Essa Kazim, Chairman, Dubai Financial Market, and senior representatives from both sides attended the listing ceremony at DFM’s trading floor.
 
HE/ Mohamed Alabbar said: “The listing of Emaar Malls on DFM marks the beginning of an exciting new chapter in the development of the company. The reception by both institutional and individual investors in the IPO has been overwhelming and marks a significant step forward in the maturation of the UAE capital markets. Emaar Malls would like to thank DFM, the Securities and Commodities Authority, our advisers, and particularly our employees, who have worked tirelessly to make this momentous day possible.
 
“Emaar Malls has delivered strong growth and profitability since it was established. Our iconic retail premises, augmented by our world-class management team, ensure that we are well-placed to deliver value for our shareholders in future. This is the start of a new journey for our malls business and our priority is to focus our energies on meeting and exceeding the expectations of our shareholders through innovative business approaches and strategic expansion.”
 
HE/ Essa Kazim said: “We are delighted to welcome the listing of Emaar Malls Group on DFM, which underlines the unique and fruitful partnership with Emaar since the market inception in the year 2000. Emaar Properties has always been one of the most prominent market leaders on DFM and strongly contributed in its growth and development. Traded value of Emaar Properties shares, amounted to AED 689.5 billion since DFM began its journey to date, representing 30.4% of the AED 2.269 trillion traded on the market. Additionally, this listing reflects listed companies’ deep confidence in DFM and its world class infrastructure, making it the most favoured listing venue for these companies once they decide to take any of their unites public. The listing of Emaar Malls enables DFM investors to benefit from the growth of the group’s lucrative portfolio of businesses, including Dubai Mall, one of the most impressive landmarks in Dubai. Certainly, this listing is an invaluable addition to the market and a big boost to our efforts aimed at attracting the fast growing and dynamic sectors of the economy including; Retail, Tourism, Heath and Education.”

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