Emirates REIT Probes Suspicious Trades

(Bloomberg) --

Emirates REIT filed an application in the Dubai International Financial Centre Courts to find out the identify of those behind “suspicious trades” in its shares.

“Emirates REIT yesterday submitted an application in the DIFC Courts seeking an order for the disclosure by Nasdaq Dubai of the identity of the traders behind the nominee account responsible for several suspicious trades of Emirates REIT shares,” the Dubai-based company said in a statement Monday.

In May, Emirates REIT said it found evidence of irregular trading activity by certain market participants and reported it to the regulatory authorities.

• To view the source of this information click here
• In May: Emirates REIT Reports Irregular Trading Activity to Regulators

©2020 Bloomberg L.P.