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Emaar Misr initial public offering on Stock Exchange

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emaar misrEmaar Misr for Development S.A.E. (Emaar Misr) has announced today that it currently expects to obtain listing approval from the Egyptian Stock Exchange on Thursday 2 July 2015.

The company in a statement said that trading of its ordinary shares on the Egyptian Stock Exchange is now expected to occur on or around Sunday 5 July 2015.

Emaar Misr for Development S.A.E is the wholly owned subsidiary of the UAE-based Emaar Properties PJSC, a global property developer. Emaar Misr is one of the largest foreign direct investor in Egypt’s real estate sector with an investment portfolio of EGP 53 billion.

Source: Wam News Agency

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