Emaar BoD to meet on 20 September to discuss loan and approve IPO
Emaar Properties (Emaar) has announced the date for its upcoming BoD meeting as 20 September, where the board will discuss entry of a new financing arrangement with a local bank (five-year USD1.5bn at a margin of 135bps above LIBOR, according to local reports) as well as approve the conversion of Emaar Development LLC into a public joint stock company to be listed on DFM and offer up to 30% of its shares to the public.
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