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Emaar Malls is off the marketMENA

Emaar Malls is off the market

Following merger plans that kickstarted earlier this year, it’s finally time for Emaar Malls to bid adieu to DFM and go back to its roots, aka merge with Emaar Properties. This pretty much sums up Emaar Properties now wholly-owning Emaar Malls, following its acquisition earlier this year (in March) for two-thirds of its original price.

With the new subsidiary being welcomed into the family, Emaar celebrated by increasing its capital and issuing new shares to the shareholders of Emaar Malls. What this means is that, for every 1 share in Emaar Malls, an additional 0.51 share in Emaar Properties will be allocated.

why it matters

With Emaar Mall’s delisting coming in as the second major merger this year (after Meraas Holding bought DX Entertainments), we can't help but wonder who's next to consolidate in the real estate/ entertainment industry?