Published On: Tue, Jun 30th, 2015

Emaar Misr initial public offering on Stock Exchange

emaar misrEmaar Misr for Development S.A.E. (Emaar Misr) has announced today that it currently expects to obtain listing approval from the Egyptian Stock Exchange on Thursday 2 July 2015.

The company in a statement said that trading of its ordinary shares on the Egyptian Stock Exchange is now expected to occur on or around Sunday 5 July 2015.

Emaar Misr for Development S.A.E is the wholly owned subsidiary of the UAE-based Emaar Properties PJSC, a global property developer. Emaar Misr is one of the largest foreign direct investor in Egypt’s real estate sector with an investment portfolio of EGP 53 billion.

Source: Wam News Agency

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