Wednesday, 24 January 2018 07:30 GMT

Morgan as project adviser of Emaar Properties

(MENAFN) Morgan Stanley ha been hired as the adviser of Emaar Properties on the sale of 25 percent stake in the latter's high-performing shopping malls and retail business, according to Khaleej Times

Emaar also plans to appoint a local bank as additional adviser on the secondary offering

Emaar Malls & Retail has reported USD772 million revenue in 2013, posting a 20 percent rise from the year 2012

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