Abyaar Real Estate has listed on the Kuwait Stock Exchange and indicated that it will list in Dubai next year.
Trading in the shares began on October 29, following the IPO in 2005 which drew KD35m.
Hesham Al Obeid, chairman of Abyaar, said: “This is a major milestone for the company, which has invested more than $2 billion into Dubai real estate since 2005 and we have plans to lift this to $4.4 billion by 2008.
“We are working on a new strategy for the company which will be ready by December 2007, and new markets have been put on the focus such as KSA and Qatar.”
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