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DUBAI: The merger of Emirate’s real estate businesses Emaar Malls, and Emaar Properties will be activated at the end of the trading session, today, November 21.
Both companies agreed to allocate 0.51 new shares in Emaar Properties for every one share of Emaar Malls, according to The Dubai Financial Market (DFM).
As of today, Emaar Malls will be delisted from DFM, and the capital increase of Emaar Properties will be activated.