Emaar Misr initial public offering on the Egyptian Stock Exchange expected around 5 July 2015

CAIRO, 1st July, 2015 (WAM) -- Emaar Misr for Development S.A.E. (Emaar Misr) has announced yesterday that it currently expects to obtain listing approval from the Egyptian Stock Exchange on Thursday 2 July 2015. The company in a statement said that trading of its ordinary shares on the Egyptian Stock Exchange is now expected to occur on or around Sunday 5 July 2015. Emaar Misr for Development S.A.E is the wholly owned subsidiary of the UAE-based Emaar Properties PJSC, a global property developer. Emaar Misr is one of the largest foreign direct investor in Egypt’s real estate sector with an investment portfolio of EGP 53 billion. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395282690938.html