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BRIEF-Emaar Properties says Saudi investors part of top-10 investors in IPO
November 20, 2017 / 5:29 AM / a month ago

BRIEF-Emaar Properties says Saudi investors part of top-10 investors in IPO

Nov 20 (Reuters) - EMAAR PROPERTIES PJSC:

* SAYS RECEIVED INSTITUTIONAL AND RETAIL SUPPORT FOR IPO FROM DOMESTIC AND INTERNATIONAL INVESTORS, RESULTING IN OVERSUBSCRIBED DEAL

* SAYS DESPITE RECENT EVENTS IN SAUDI ARABIA, RECEIVED STRONG INTEREST IN IPO FROM REGIONAL INVESTORS

* SAYS QUAILIFIED INSTITUTIONAL INVESTORS FROM SAUDI ARABIA WERE PART OF TOP-10 INVESTORS IN IPO

* SAYS COMPANY IS TARGETING MINIMUM DIVIDEND YIELD OF 8.6 PERCENT (AT NAV) FOR NEXT THREE YEARS Source text for Eikon: Further company coverage:

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