Font Size

- Aa +

Thu 11 Sep 2014 10:53 AM

Font Size

- Aa +

Emaar Malls sets up 24hr helpline ahead of IPO

Call centre hotline will deal with queries from would-be investors keen to get further information about the listing

Emaar Malls sets up 24hr helpline ahead of IPO
Technology

Emaar Malls Group has launched a 24 hour call centre help line to deal with queries from would-be investors keen to get further information about its upcoming initial public offering on the Dubai Financial Market.

To enquire about the IPO, which is set to launch on September 14, or to find out more information on the subscription process, investors can dial the help line on 800 EMG IPO (800 364 476).

This week it was also revealed Emirates NBD customers will be able to buy shares in Emaar Malls Group through the bank’s ATMs, according to a report in The National newspaper.

Emaar Properties will launch the initial public offer of its shopping malls and retailing unit on September 14, and will list the subsidiary on Dubai's main stock market on October 2.

The IPO is expected to be one of the largest equity sales in the Middle East since 2008, underlining Dubai's recovery from a credit crisis that forced many state-linked developers to stall projects, and some to restructure debt.

The National reports that Emirates NBD, one of the lead receiving banks for the offer, is planning the ATM initiative – believed to be the first of its type in the world - in cooperation with Dubai Financial Market.

In order to make a purchase on via the bank’s ATM, a potential investor must have an account with the bank and hold a National Investor Number (NIN) card, which is issued by DFM. A minimum investment of AED10,000 ($2,722) is required in order to buy shares, the report said.