{"id":15520,"date":"2016-06-05T13:50:30","date_gmt":"2016-06-05T06:50:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15520"},"modified":"2016-06-05T12:02:44","modified_gmt":"2016-06-05T05:02:44","slug":"uaes-al-habtoor-group-moves-closer-to-ipo-weighs-europe-acquisitions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-al-habtoor-group-moves-closer-to-ipo-weighs-europe-acquisitions\/","title":{"rendered":"UAE's Al Habtoor Group moves closer to IPO, weighs Europe acquisitions"},"content":{"rendered":"


\nAl Habtoor Group, the sole dealer of\u00a0Bentley and Bugatti in the UAE, is closer to the initial public offering it has been considering since 2000,\u00a0its chief executive officer said in an interview.”We have all the documents ready, all that we need to do is to update all the information” to include revenue from the recently completed Al Habtoor City project, Mohammed Al Habtoor told Bloomberg TV. His father,\u00a0billionaire Khalaf Al Habtoor, said in December 2012\u00a0the Dubai-based investment and contracting company was postponing a share sale because it didn’t see sufficient opportunities to invest the proceeds.Al Habtoor Group, which is spending $500 million to build a resort near Dubai with a St Regis Hotel at the centre of three polo fields, bought hotels in the UK, Austria and Hungary. The company is considering further acquisitions in large European cities, as well as developing real estate in Eastern Europe, Al Habtoor said.Demand for hotels in Dubai is stable, he said. “For now it’s not bad. I don’t want to be too optimistic.”The group’s most profitable division, Al Habtoor Motors, acquired almost two-thirds of Mitsubishi Fuso’s distributor in Saudi Arabia, the auto-maker’s truck brand, earlier this year, Al Habtoor said.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UAE’s Al Habtoor Group moves closer to IPO, weighs Europe acquisitions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Al Habtoor Group, the sole dealer of\u00a0Bentley and Bugatti in the UAE, is closer to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15520","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-42k","jetpack-related-posts":[{"id":85340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-tycoon-al-habtoor-bullish-over-uae-prospects-in-2018\/","url_meta":{"origin":15520,"position":0},"title":"Dubai tycoon Al Habtoor bullish over UAE prospects in 2018","date":"April 13, 2018","format":false,"excerpt":"\r Khalaf Ahmad Al Habtoor also says open to considering IPO again after 2020\r \r Source : arabianbusiness.com\r Read more...Dubai tycoon Al Habtoor bullish over UAE prospects in 2018","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-should-regulate-off-plan-sales-says-khalaf-al-habtoor\/","url_meta":{"origin":15520,"position":1},"title":"Dubai should regulate off-plan sales, says Khalaf Al Habtoor","date":"October 11, 2016","format":false,"excerpt":"\r Al Habtoor Group chairman said projects should be at least 30% complete before sales start\r \r Source : arabianbusiness.com\r Read more...Dubai should regulate off-plan sales, says Khalaf Al Habtoor","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-habtoor-group-buys-hilton-london-wembley-hotel\/","url_meta":{"origin":15520,"position":2},"title":"Al Habtoor Group buys Hilton London Wembley hotel","date":"February 1, 2016","format":false,"excerpt":"\r \r Al Habtoor Group has bought the Hilton London Wembley hotel as the Dubai family-owned conglomerate lines up a Dh2 billion war chest for overseas purchases this year.The group acquired Hilton London Wembley to ramp up its international hospitality portfolio to six properties, said Khalaf Ahmad Al Habtoor, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-habtoor-group-buys-historic-vienna-hotel-from-starwood\/","url_meta":{"origin":15520,"position":3},"title":"Al Habtoor Group buys historic Vienna hotel from Starwood","date":"February 16, 2016","format":false,"excerpt":"\r \r Dubai conglomerate Al Habtoor Group has added its seventh overseas property to its hotel portfolio with an acquisition in Vienna.The company acquired the historic Hotel Imperial from New York-listed Starwood Hotels and Resorts for US$78.8 million, according to the US-based company.The announcement comes just days after Al Habtoor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-apartments-at-al-habtoor-city-begin\/","url_meta":{"origin":15520,"position":4},"title":"Sales of apartments at Al Habtoor City begin","date":"March 23, 2016","format":false,"excerpt":"\r \r The Al Habtoor Group has held a sales launch for the Residence Collection of apartments at its US$3 billion Al Habtoor City project at the junction between the Dubai Water Canal and Sheikh Zayed Road. The Residence Collection is made up of three towers under construction behind a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4904,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-al-habtoor-group-buys-historic-hotel-imperial-in-vienna-from-starwood\/","url_meta":{"origin":15520,"position":5},"title":"Dubai's Al Habtoor Group buys historic Hotel Imperial in Vienna from Starwood","date":"February 16, 2016","format":false,"excerpt":"\r \r The Dubai conglomerate Al Habtoor Group has added its seventh overseas property to its hotel portfolio with an acquisition in Vienna. The company acquired the historic Hotel Imperial from New York-listed Starwood Hotels and Resorts for US$78.8 million, according to the US-based company. The announcement comes just days\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15520"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15520"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}