Dubai’s Meraas Holding considers IPO

Real estate company said to have sent requests for proposals to several banks on ways to boost capital.

Dubai’s Meraas Holding is considering an initial public offering, according to a Wall Street Journal article quoting unnamed bankers.

The real estate company has sent requests for proposals to several banks on ways to boost its capital.

Meraas is involved in developing a 1.8km stretch of Dubai Creek at a cost of US$544 million, and a $1.6 billion Bluewaters project on Jumeirah Beach Residence with the world’s largest Ferris wheel among other entertainment facilities.

Meraas declined to comment.

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Published: August 11, 2014 04:00 AM

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