{"id":12611,"date":"2019-09-09T08:59:41","date_gmt":"2019-09-09T08:59:41","guid":{"rendered":"https:\/\/onplan.ae\/sobha-realty-to-file-for-ipo-in-2022\/"},"modified":"2019-09-09T08:59:41","modified_gmt":"2019-09-09T08:59:41","slug":"sobha-realty-to-file-for-ipo-in-2022","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/sobha-realty-to-file-for-ipo-in-2022\/","title":{"rendered":"Sobha Realty to file for IPO in 2022"},"content":{"rendered":"<div>\n<p><strong>UAE \u2013 Mubasher<\/strong>: Sobha Realty, a premium real estate developer based in Dubai, intends to file for an initial public offering (IPO) in 2022, the Banker Middle East reported.<\/p>\n<p>The company will wait to meet expected profitability before making a final decision on the IPO, the founder of Sobha P.N.C. Menon said.<\/p>\n<p>Menon also added that the company has not make a final on where to list the shares.<\/p>\n<p>Sobha is expected to generate around AED 2 billion ($545 million) in sales revenue this year, compared to AED 620 million in 2018 as it delivered more homes in its Sobha Hartland development.<\/p>\n<p>The property developer will hand over nearly 6,000 homes at the $4 billion project over the coming six years, Menon revealed.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>UAE \u2013 Mubasher<\/strong>: Sobha Realty, a premium real estate developer based in Dubai, intends to file for an initial public offering (IPO) in 2022, the Banker Middle East reported.<\/p>\n<p>The company will wait to meet expected profitability before making a final decision on the IPO, the founder of Sobha P.N.C. Menon said.<\/p>\n<p>Menon also added that the company has not make a final on where to list the shares.<\/p>\n<p>Sobha is expected to generate around AED 2 billion ($545 million) in sales revenue this year, compared to AED 620 million in 2018 as it delivered more homes in its Sobha Hartland development.<\/p>\n<p>The property developer will hand over nearly 6,000 homes at the $4 billion project over the coming six years, Menon revealed.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":12612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[938],"tags":[],"class_list":["post-12611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=12611"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/12612"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=12611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=12611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=12611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}