Dubai developer Emaar Properties and its shopping centre unit Emaar Malls will go ahead with the merger at the end of the trading session on November 21, the two companies said in a statement to Dubai Financial Market (DFM) on Thursday. 

The announcement comes as the two entities received no objections and met all the conditions regarding the planned merger. 

The boards of the two companies, which trade as Emaar and Emaar Malls on DFM, first announced their intention to merge in March. 

(Writing by Imogen Lillywhite; editing by Cleofe Maceda) 

Imogen.Lillywhite@refinitiv.com 

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021