The UAE authorities will conduct an IPO of Emirates

Created on 30.11.2021 08:41

According to Emirates President Tim Clark, the UAE authorities may sell shares of the state-owned airline Emirates through an IPO, Interfax-Kazakhstan writes.

Previously, the CEO of Emirates Group Sheikh Ahmed bin Said Al Maktoum told Asharq TV the similar information, mentioning that airline's shares and divisions might be placed on the Dubai stock exchange.

“Emirates is an attractive asset for future investors. The pandemic has thrown us back, but everyone knows that Emirates is a profitable company. We will recover profitability in the next six to eight months. We are already on our way”, Tim Clark stated.

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