More than 70 per cent of subscriptions were received in cash. The remaining 30 per cent was paid for by post dated cheques.
Shareholders who subscribed for the new issue and made their payments by the deadline had the shares credited to their Dubai Financial Market account today (Monday, September 5, 2005). The issue closed on August 15, 2005.
Emaar has now allotted the full quota of shares to those investors who have paid in full. Shareholders taking advantage of the concession that allows them to pay in instalments have been credited with the number of shares they have paid for to date. However, if shareholders wish to pay the remainder of the instalments at the next due date, they will be credited with all the shares they are due.
Browse
related articles
Emaar credits rights issue shares to investors
- United Arab Emirates: Tuesday, September 06 - 2005 at 08:16
- PRESS RELEASE
Related content
Emaar Properties PJSC, the largest real estate company by market capitalisation, announced that its 1:1 rights issue had received enthusiastic support from shareholders, with take-up of the new shares exceeding expectations.
Article Options
Log in to request more information from Emaar Properties
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, September 06 - 2005 at 08:16 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Notes and Media Contacts »
About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on the Dubai Financial Market and is part of the Dow Jones Arab Titans Index. Emaar is the No. 1 real estate company in the world in terms of market capitalisation. The company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base. In June 2005, the company crossed the historic 10,000 mark on the number of homes handed over to satisfied customers. Currently, it has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises the Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, Old Town Island, The Residences, Burj Views, man-made lakes and landscaped parks and gardens. The company also has joint ventures and projects across the region covering Saudi Arabia, Egypt, Jordan, Morocco, India and Pakistan.
While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 41,000 shareholders, which includes the Government of Dubai. Emaar owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking; EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services; and Sahm, its IT services arm. Emaar is also the majority shareholder in Amlak Finance, UAE's first mortgage finance company.
For further information, please contact:
Kelly Home / Linsey Worgan
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
In Middle East & North Africa
Tel: (+971 4) 335 5969, Ext 456; Fax: (+971 4) 335 6080
David D'Souza
Manager - Corporate Communications
Emaar Properties PJSC
Tel: (+971 4) 367 3333
Fax: (+971 4) 367 3702
Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on the Dubai Financial Market and is part of the Dow Jones Arab Titans Index. Emaar is the No. 1 real estate company in the world in terms of market capitalisation. The company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base. In June 2005, the company crossed the historic 10,000 mark on the number of homes handed over to satisfied customers. Currently, it has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises the Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, Old Town Island, The Residences, Burj Views, man-made lakes and landscaped parks and gardens. The company also has joint ventures and projects across the region covering Saudi Arabia, Egypt, Jordan, Morocco, India and Pakistan.
While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 41,000 shareholders, which includes the Government of Dubai. Emaar owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking; EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services; and Sahm, its IT services arm. Emaar is also the majority shareholder in Amlak Finance, UAE's first mortgage finance company.
For further information, please contact:
Kelly Home / Linsey Worgan
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
In Middle East & North Africa
Tel: (+971 4) 335 5969, Ext 456; Fax: (+971 4) 335 6080
David D'Souza
Manager - Corporate Communications
Emaar Properties PJSC
Tel: (+971 4) 367 3333
Fax: (+971 4) 367 3702
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
