Azizi Developments is weighing up the launch of an initial public offering (IPO) for its hospitality and development divisions.
The IPO decision will depend on the result of the year-end audit report, the company’s chairman Mirwais Azizi told Arabian Business.
Azizi is not planning to secure any loans in order to finance its ongoing projects, the top official noted.
“Now is okay. If I feel I need it I will organise one year before, not at the last moment,” he added.
Azizi Developments has 200 underway projects and $12 billion others in the pipeline across Dubai.