DUBAI Aug 14 Dubai's Emaar Properties
said on Thursday it had not yet taken a decision on the timing
of an initial public offering of its malls business, which was
expected later this year.
In a statement released on the Dubai stock exchange, the
firm said details of the proposed listing would be announced in
The Emaar Malls Group listing is expected to raise 8 to 9
billion dirhams ($2.18-$2.45 billion), making it one of the
region's largest equity offers since 2008.
Local media reports said the company would list its mall
business on the Dubai stock exchange in mid-September.
(Writing by Yara Bayoumy; Editing by Archana Narayanan)