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Binghatti Explores IPO as Developers Race to Capitalize on UAE’s Property Boom
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Binghatti Explores IPO as Developers Race to Capitalize on UAE’s Property Boom
Developers move quickly to tap Dubai’s soaring property demand as market momentum builds Dubai developer Binghatti Holding is exploring a potential initial public offering and has begun talks with banks about a possible listing, according to people familiar with the matter, as it looks to capitalise on the emirate’s surging property market. According to Bloomberg, the company is working with Citigroup Inc., Morgan Stanley, Emirates NBD and EFG H…
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