Emaar restructures equity

Emaar Properties has revealed a new equity structure, which will facilitate the company's diversification into six new business segments - retail, education, healthcare, finance, industry and hospitality and leisure.

Emaar Properties has revealed a new equity structure, which will facilitate the company's diversification into six new business segments - retail, education, healthcare, finance, industry and hospitality and leisure. Emaar announced cash commitments of US $2.9 billion (AED10.6 billion) for 2007 to drive developments in the UAE.

In order to maximise capital utilisation, the businesses will be managed as stand-alone units with independent profitability and cost structures.

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