Emaar says IPO for hospitality unit remains on hold | gulfbusiness.com

Dubai-based Emaar Properties, which announced its intention to list Emaar Misr, its Egyptian subsidiary on Wednesday, has confirmed that an IPO for its hospitality unit remains on hold. In a statement, the company said: “The timing of the IPO [for Emaar Hospitality Group] will be dependent on the market conditions. We are watching the markets closely and will take a decision to list at the appropriate time.” Emaar launched an $1.