🟢 Emaar Development is trading 10.67% up today after Emaar Properties' proposed AED 15 cash offer

Emaar Development is trading at AED 13.90, up 10.67%, after Emaar Properties announced a proposed AED 15-per-share cash offer, subject to its board’s approval.

• On November 3, Emaar Development rose after reports that parent Emaar Properties was considering buying out minority shareholders.
• Reuters said the potential transaction remained under discussion, with no final decision.