Business | Property

Channel Sponsor

Firm not pushed into going public

A variety of finance options available to Nakheel means the company will not be pushed into going public, Chris O'Donnell told Gulf News.

  • Robert Ditcham, Staff Reporter
  • Published: 23:06 October 16, 2007
  • Gulf News

Dubai: A variety of finance options available to Nakheel means the company will not be pushed into going public, Chris O'Donnell told Gulf News.

He said the company is estimating the extra capital that an IPO would bring against the requirement of public companies to fully divulge information.

"The real advantage of an IPO is that you source capital from the markets and grow your business in a way that you weren't able to in the past," he said.

"We're in a position where we have capital that can be sourced from a number of options – an IPO, debt capital on the balance sheet and no recourse project funding."

O'Donnell said the company is concerned that going public would reduce its ability to respond quickly to market needs.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

Property

Gulf News
Gulf News classifieds
  5. Browse all jobs
  5. Browse all cars
  6. Browse all properties
  5. Browse all classifieds
Popular in Business
Business Editor's choice
Mortgages: there's light at the end of the tunnel
Banking

Mortgages: there's light at the end of the tunnel

UAE buyers are securing home loans again

Popular in GNTV
Popular in Pictures