Merger of Malls and Properties by Dubai's Emaar Successfully Finalized

Emaar Properties, the Emirati multinational developer, has successfully finalized its merger with its retail arm, Emaar Malls.

Shareholders of Emaar Properties approved the merger at a general meeting held last month, as reported by Arabian Business. The agreement involves transferring Emaar Malls' assets and liabilities to a wholly-owned subsidiary of Emaar Properties, resulting in the latter's share capital reaching $2.2 billion.