Dubai – Mubasher: Emaar Properties has stated that CNBC Arabia statement regarding the company’s sale of AED 5.14 billion ($1.4 billion) assets is “incorrect”.
The television interview between CNBC Arabia and the company’s chairman Mohamed Alabbar did not reveal that the developer sold any assets, the Dubai-based firm added in a bourse statement.
“The company would like to reconfirm…that it is continuously exploring various options as part of its strategy to streamline its business to generate significant value for [itself]. The company will announce details regarding such opportunities as and when they are finalised.”
Earlier in July, informed sources said that the Emirati developer began signing contracts with a host of interest parties to sell assets
