Deals
Emaar to Write Off Dubai Bank Investment in Second Quarter
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Emaar Properties PJSC, the United Arab Emirates’ biggest developer by market value, said it will write off its investments in Dubai Bank PJSC in the second quarter of this year.
The value of Emaar’s investment in Dubai Bank was about 172 million dirhams at the end of March, or about 0.3 percent of Emaar’s total assets and 0.56 percent of its total equity, the company said in a statement to the Dubai bourse today.