{"id":639157,"date":"2017-10-23T03:26:16","date_gmt":"2017-10-23T03:26:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/"},"modified":"2017-10-23T03:26:16","modified_gmt":"2017-10-23T03:26:16","slug":"emaar-properties-to-offer-20-stake","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/","title":{"rendered":"Emaar Properties to offer 20% stake"},"content":{"rendered":"<p><strong>INVESTMENT WATCH-<\/strong> Per <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-10-22\/jewel-in-dubai-s-property-crown-set-to-end-u-a-e-s-ipo-drought\">Bloomberg<\/a> this morning: Dubai-listed Emaar Properties \u201cwill sell 20 percent of its real-estate development business, according to emailed statement on Sunday.\u201d News of the offering on the Dubai Financial Market sent the company\u2019s shares down 2% as investors had expected a larger sale. \u201cThe market expected Emaar Properties to distribute a one-off dividend of AED 1 per share, but a 20 percent sale would mean a dividend distribution of AED 0.67 per share based on the AED 24 bn valuation,\u201d one analyst told <a href=\"https:\/\/www.reuters.com\/article\/us-emaar-properties-ipo\/size-of-emaar-development-ipo-disappoints-market-idUSKBN1CR06F\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Per Bloomberg this morning: Dubai-listed Emaar Properties \u201cwill sell 20 percent of its real-estate development business, according to emailed statement on Sunday.\u201d News of the offering on the Dubai Financial Market sent the company\u2019s shares down 2% as investors had expected a larger sale. \u201cThe market expected Emaar Properties to distribute a one-off [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639157","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7a2298a2-13bc-4a59-a8f5-d09aa81d63d6","order":"0","is_powered_by":true,"section_story_id":"81c13e32-49cc-4698-86df-f0132f2abfed","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639140],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Emaar Properties to offer 20% stake - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Properties to offer 20% stake\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Per Bloomberg this morning: Dubai-listed Emaar Properties \u201cwill sell 20 percent of its real-estate development business, according to emailed statement on Sunday.\u201d News of the offering on the Dubai Financial Market sent the company\u2019s shares down 2% as investors had expected a larger sale. \u201cThe market expected Emaar Properties to distribute a one-off [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T03:26:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emaar Properties to offer 20% stake\",\"datePublished\":\"2017-10-23T03:26:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\",\"name\":\"Emaar Properties to offer 20% stake - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-10-23T03:26:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Emaar Properties to offer 20% stake\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Emaar Properties to offer 20% stake - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/","og_locale":"en_US","og_type":"article","og_title":"Emaar Properties to offer 20% stake","og_description":"INVESTMENT WATCH- Per Bloomberg this morning: Dubai-listed Emaar Properties \u201cwill sell 20 percent of its real-estate development business, according to emailed statement on Sunday.\u201d News of the offering on the Dubai Financial Market sent the company\u2019s shares down 2% as investors had expected a larger sale. \u201cThe market expected Emaar Properties to distribute a one-off [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-10-23T03:26:16+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Emaar Properties to offer 20% stake","datePublished":"2017-10-23T03:26:16+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/"},"wordCount":87,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/","name":"Emaar Properties to offer 20% stake - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-10-23T03:26:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/emaar-properties-to-offer-20-stake\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Emaar Properties to offer 20% stake"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":581616,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/fertiglobe-emaar-report-bumper-earnings-in-2022\/","url_meta":{"origin":639157,"position":0},"title":"Fertiglobe, Emaar report bumper earnings in 2022","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"A good year for Fertiglobe: The MENA fertilizers firm \u2014 a joint venture between Adnoc and the Sawiris-owned OCI \u2014 saw its full year adjusted net income rise 75% y-o-y to USD 1.3 bn in 2022, the company said in a statement (pdf), on the back of higher selling prices\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593205,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/arabtec-construction-tapped-to-construct-emaar-misr-project-on-egypts-north-coast\/","url_meta":{"origin":639157,"position":1},"title":"Arabtec Construction tapped to construct Emaar Misr project on Egypt\u2019s north coast","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"Emaar Misr has awarded a AED 366 mn contract to Arabtec Construction to construct several residential units in the Greek Village, one of the areas in Emaar\u2019s Marassi compound on Egypt\u2019s north coast, Arabtec said in a DFM disclosure (pdf). Construction is scheduled to take 36 months to complete.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636938,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/emaar-expects-to-raise-usd-1-5-bn-from-real-estate-unit-ipo\/","url_meta":{"origin":639157,"position":2},"title":"Emaar expects to raise USD 1.5 bn from real-estate unit IPO","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"IPO WATCH- Emaar plans to raise USD 1.5 bn from listing its real-estate development unit, Emaar Development LLC\u2019s shares, Bloomberg reports, citing the price range document sent to the DFM. Emaar Development set a price range of AED 5.7-6.9 per share as the IPO opened on Thursday with 10% of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574837,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/emaar-eyes-new-investments-in-nac-expects-market-to-recover-within-a-year\/","url_meta":{"origin":639157,"position":3},"title":"Emaar eyes new investments in NAC, expects market to recover within a year","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"INVESTMENT WATCH- Emaar still bullish on Egypt\u2019s real estate industry, eyes new capital + Sixth of October investments: Emaar Properties could be announcing within a few months fresh investments in the new administrative capital and Sixth of October City as it maintains a positive outlook on Egypt\u2019s real estate industry,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567987,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/bishoy-azmy-becomes-youngest-member-of-aucs-board-of-trustees\/","url_meta":{"origin":639157,"position":4},"title":"Bishoy Azmy becomes youngest member of AUC\u2019s board of trustees","author":"enterpriseam admin","date":"14 December 2020","format":false,"excerpt":"CEO of Dubai-based ASGC construction group and AUC alumnus Bishoy Azmy (LinkedIn) has joined the American University in Cairo\u2019s Board of Trustees as the board\u2019s youngest member, according to an emailed statement (pdf). Azmy is also a board member of the local Emirates Chapter of the Young Presidents Organization, an\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636816,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/emaar-ipo-could-price-at-10-20-premium\/","url_meta":{"origin":639157,"position":5},"title":"Emaar IPO could price at 10-20% premium","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"IPO WATCH- Emaar IPO could price at 10-20% premium: The upcoming listing of Emaar Properties\u2019 UAE-based development arm could see the company offer shares at a 10-20% premium to the unit\u2019s net asset value, sources close to the matter tell Bloomberg. The move appears to accommodate the target aggregate dividend\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639157"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639157\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639140"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639157"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639157"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}