Built to inform

Sign up for the daily newsletters

No, Thank you

DFM adds Emaar Development to general index

Shares for Emaar Development will be added to the Dubai Financial Market general index (DFMGI) and to sector indices on Sunday.

Shares have been added to the DFM General Index and Real Estate & Construction sub-index.
Shares have been added to the DFM General Index and Real Estate & Construction sub-index.

Shares for Emaar Development will be added to the Dubai Financial Market general index (DFMGI) and to sector indices on Sunday.

The shares have been added to the DFM General Index and Real Estate & Construction sub-index. The inclusion of the shares lifts the number of companies included in the index to 37, according to UAE state news agency, WAM.

The number of outstanding shares of Emaar Development is 4 billion, while the percentage of free float shares as per the index rules is 25%. The number of shares included in the index sample is 1 billion shares.

In November, the parent company Emaar Properties sold a 20% stake or 800 million shares of Emaar Development in an IPO that raised $1.31bn.

 

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

Construction Week's Leaders Kuwait 2019 summit kicks off today
More than 100 decision-makers from Kuwait's construction industry to convene at conference in Kuwait City
HKA: Volume of construction disputes to stay consistent in 2019
EXCLUSIVE: Consultancy’s Michael McSorley talks about methods to avoid and ‘speedily resolve’ construction disputes

Latest Issue

Construction Week - Issue 751
Oct 13, 2019