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Dubai mulls Emirates public listing
An initial public offering (IPO) could be on the cards for Gulf carrier Emirates.
President Sir Tim Clark said a stock market listing is possible and ‘there has been talk about it.’
"There has been a little bit more flesh on the whole subject than there has been in the past. I’m waiting instructions as to how this is going to affect the Emirates Group," he said at the Reuters Next virtual conference.
"What the government of Dubai decides to do… is up to them."
The airline’s chairman, Sheikh Ahmed bin Saeed Al-Maktoum has hinted at a possible listing for more than a decade.
Dubai authorities have been pushing for more listings and privatisation to boost activity on the local DFM General Index stock exchange.
The Dubai government is mulling plans to privatise as many as 10 state companies.
"Within Emirates Group, one or two units could be listed. There are many successful businesses that we run," Al-Maktoum said recently.
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