Emaar’s Merged Entity to Have $3.65 Billion in Debt

Posted on June 28, 2009 by

June 28 — Emaar Properties PJSC , the Middle East’s largest real-estate developer, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams in debt obligations. Emaar shares dropped the most since November.

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Emaar’s Merged Entity to Have $3.65 Billion in Debt