Tasweek mulls a stock offering

Dubai: The Abu Dhabi-based Tasweek Real Estate Development and Marketing is keeping the possibility of a stock offering live, according to a statement issued by the company on Wednesday.

“Our portfolio and the potential in the real estate sector is very encouraging of an IPO model,” stated Masood Al Awar, CEO of Tasweek. It currently has a mixed-use development portfolio valued at $250 million.