Dubai -backed "Zara" operator postponed public presentation plans

The operator of the Zara and Virgin Megastore stores in the Middle East has postponed its plans to offer his public subscription shares, in a move aimed at focusing on operational operations, according to people familiar with the case. People, who asked not to reveal their identity because of the sensitivity of the information, said that the decision of the Azadea group to postpone the insertion was not related to the fluctuations in the markets currently as a result of the commercial policy of US President Donald Trump. One of the persons added that the group of retail and based in Beirut studied the expansion of new Middle Eastern markets and improved its presence in the current markets before moving forward with public offers. Azadia had earlier invited a number of banks to make offers on the possible offers management, Bloomberg said last January. Trump fees confuse the wave proposals. Gulf -stock markets are witnessing a state of turmoil due to the ambiguity around Trump duties, while bankers from the region confirm that the golf offers still exist largely, but global fluctuations and the decrease in oil prices place challenges on one of the most active subscriptions around the world. You may also be interested in: Hermes: This is a map of the initial proposals in the region. In a parallel context, “Dubai Holding”, which amounts to $ 72 billion, studies two real estate portfolios to take advantage of the surge in Dubai. Azadia did not respond to requests for comment, and spokesman for “Dubai Holding” refused to execute any statements. It should be noted that ‘Azadia’, founded in 1978 by the Daher Lebanese family, manages more than 700 stores in more than 12 countries, according to the official website.