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Emaar reconsiders plans to list on London Stock Exchange

Dubai-based developer Emaar Properties is reconsidering a plan to list shares on the London Stock Exchange (LSE) due to adverse conditions in global financial markets, its chairman said in remarks published on Monday.

  • Agencies
  • Published: 09:49 November 10, 2008
  • Gulf News

Dubai: Dubai-based developer Emaar Properties is reconsidering a plan to list shares on the London Stock Exchange (LSE) due to adverse conditions in global financial markets, its chairman said in remarks published on Monday.

"We have to reconsider that plan due to the current financial environment," Mohamed Alabbar said, according to daily Emirates Business.

Alabbar said last November that Emaar was looking at listing on the LSE within 12 months.

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