UAE's SHUROOQ considering stock market float in 2022
SHUROOQ has a separate portfolio of real estate, tourism, industrial and transportation projects, with a value exceeding $3.2bln
Investors are seen at the Dubai International Financial Market in Dubai, UAE February 7, 2018. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: Sharjah Investment and Development Authority is considering floating one of its companies on the local stock markets in 2022, according to its CEO.
The company, also known as SHUROOQ, has a separate portfolio of real estate, tourism, industrial and transportation projects, with a value exceeding 12 billion dirham ($3.2 billion), of which around 6 billion dirham are real estate projects.
Marwan J. Al-Sarkal made the comments while appearing on a panel at the Sharjah International Travel and Tourism Forum on Wednesday.
Al-Sarkal said that SHUROOQ will witness for the next 10 years establishments and developments for tourism and real estate projects out of Sharjah.
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