Nakheel might launch IPO in 2018
Nakheel, the Dubai-based developer, might consider launching an IPO by 2018, reported The National.
The report, citing Chairman Ali Rashid Lootah, said that the company is looking to repay all its debts by 2018 and then it might look into floating shares in IPO.
Meanwhile, Nakheel said that it has managed to secure land sale deals worth around AED 162m (USD 44.1m), AMEInfo reported. The report, based on a company statement, said that the developer sold plots of lands in Al Furjan and Jumeirah Village Triangle.
Source The National, AMEInfo