Investors Flock to Dubai IPO in Bet on Biggest Mall
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After seeing a newspaper ad for the share sale by Emaar Malls Group, Haidar Al Hadrani jumped in his car and drove the 120 kilometers (75 miles) from Abu Dhabi to Dubai to register as an investor at the stock exchange.
“I have never invested before,” Al Hadrani, a 28-year-old engineer who works for Abu Dhabi National Oil Co., said as he filled in application forms at the Dubai Financial Market. “Everybody worries about losing money, but as long as I don’t invest too much I am not worried about it.”