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Nakheel mulls twin listing
NAKHEEL, developer of Dubai's palm-tree shaped islands development is reportedly planning a dual stock market listing in London and Dubai to bolster its finances.
Owned by the United Arab Emirates government, the company said in September it would decide how to raise funds within 12 months. A spokeswoman said yesterday that a flotation was only one option being considered.
If listed, Nakheel would become one of the largest public companies in the Gulf.
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Saturday 26 May 2012
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