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Emaar Properties Moves to Buy Out Listed Construction Arm at $16.3 Billion Valuation as UAE Delisting Wave Grows
Dubai's largest developer, Emaar Properties, has announced plans to acquire the remaining shares of its listed construction arm at a valuation of $16.3 billion. Separately, Kuwait's Agility Public Warehousing, also known as Makhazen, is the latest firm in the UAE to consider delisting from the Dubai Financial Market. Mohammed Ali Yasin, CEO of Ghaf Benefits, discussed the wave of delistings with Bloomberg's Paul Allen on Horizons Middle East & Africa, with the segment framing the Iran conflict as a factor forcing GCC firms to rethink IPO plans.
Key takeaway: A growing list of take-private moves and delisting considerations, set against regional geopolitical tension, signals that public-market appetite in the Gulf is cooling and that founders and investors eyeing GCC listings should expect longer timelines and tougher valuation conversations.
Source: Bloomberg Markets
IPO #MiddleEast #CapitalMarkets
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