Emaar Properties Chairman Mohamed Alabbar said on Tuesday he expects to issue a special dividend in January from the proceeds of the partial listing of the Dubai property developer’s real estate unit, Reuters reports.
Emaar has announced earlier that it would list up to 20% of Emaar Development.
Alabbar has told a news conference in Riyadh that he “would love” to work on real estate projects with the Public Investment Fund (PIF), Saudi Arabia’s top sovereign wealth fund, though no such discussions were underway.
He has also expressed his interest in being involved in a transnational business and industrial zone across Saudi Arabia, Egypt, and Jordan, announced earlier on Tuesday by Saudi Crown Prince Mohammed bin Salman.