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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