The Burj Khalifa skyscraper, center, stands beyond an empty road among other office buildings on the city skyline seen from Dubai Design District in Dubai, United Arab Emirates, on Tuesday, June 9, 2020. “An exodus of middle class residents could create a death spiral for the economy,” said Ryan Bohl, a Middle East analyst at Stratfor.” Photographer: Christopher Pike/Bloomberg
, Bloomberg
(Bloomberg) --
Emirates REIT hired Houlihan Lokey Inc. as an adviser to help it review its options.
“Houlihan Lokey has been engaged to advise on the strategic options for the Emirates REIT’s portfolio, and on its operational structure,” the Dubai-based company said in a statement.
Emirates REIT said last month that the Dubai Financial Services Authority is investigating matters connected to its management. The company also said it will start a review of its strategic options, including a potential delisting from Nasdaq Dubai.
Emirates REIT Asks for Identity of Traders on Suspicious Trades
In a separate statement on Monday, the company said directors and employees of Equitativa and Emirates REIT will be permitted to purchase shares of Emirates REIT. Equitativa is the manager of Emirates REIT.
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