As one of the region’s biggest names the question about Emaar’s Ownership structure is one that comes up rather often. Here we cover exactly owns Emaar as well as how that became the case.
Who Owns Emaar Properties?
Emaar Properties It is a public joint-stock company meaning it is owned by shareholders. The company is listed on the Dubai Financial Market and has a valuation of around US $17b. (1)
Who are the company’s biggest shareholders?
There are numerous shareholders with substantial holdings of Emaar stocks with the founding shareholders who hold 24.3 being one. The other major shareholder is of course the Dubai government through the Investment Corporation of Dubai.
Emaar Ownership Overview
Initially a government-owned entity Emaar Properties became a publicly traded company in the year 2000.
The decision to go public was a strategic one designed to help fuel faster growth and diversification. By offering shares to the public, Emaar aimed and succeeded in its quest to raise capital to fund its aspiring projects and expand its reach both In Dubai and internationally.
When it was listed on the Dubai Financial Market, (DFM) the government of Dubai retained a sizeable share of the company. The IPO resulted in the founding shareholders also holding a significant portion of the company with 24.3 percent of shares being distributed among them.
As is the case with public companies the rest of the shares are held by institutional and individual investors from the UAE and around the world.
Who founded Emaar?
Emaar Properties was founded by Mohamed Ali Alabbar. An Emirati Businessman Alabar is and has been involved with numerous Dubai and internationally based companies. (2)
Emaar Properties Key Figures
| H.E Mohamed Ali Rashed Alabbar | Founder, MD and Executive & Non-Independent Director |
| Mr. Ahmad Thani Rashed Al Matrooshi | Executive & Non-Independent Director |
| Mr. Amit Jain | Group Chief Executive Officer |
| Mr. Hesham Heikal | Group Chief Executive Officer |
| Mr. Ahmed Al Falasi | Executive Director of Group Operations |
| Mr. Binoo Joseph | CTO, CIO & Head of IT |
| Mr. Abhay Singhvi | Head - Investor Relations |
| Mr. Irfan Sadiq | Chief Audit, Risk & Compliance Officer |
| Mr. Ayman Elnaggar | Group General Counsel |
| Ms. Alma Au Yeung | Head of Marketing |
Resources:
- https://www.dfm.ae/the-exchange/market-information/company/EMAAR/profile
- https://properties.emaar.com/en/about-emaar/founders-message/
Is Emaar Properties government owned?
No, Emaar Properties is not government-owned. It’s is a publicly listed company.
Who is owner of Emaar Properties?
Emaar Properties is owned by shareholders.
What is Emaar Properties?
Emaar Properties is a prominent real estate development company headquartered in Dubai, UAE. It is best known for developing the Burj Khalifa, which is the world’s tallest building, Emaar is a key player within in global real estate sector, known for its luxury residential, commercial, and leisure developments.
Who is Emaar Properties CEO?
The CEO of Emaar Properties is Amit Jain.