20 June 2005
Doha: The board of directors of Salam International for Investment has approved the move during its meeting yesterday to merge the Salam Group and its affiliated companies into Salam International for Investment. Essa Abdsalaam Abou Essa, chairman of the board of directors of Salam International said the studies to merge with Salam Group have been conducted by a Kuwaiti company for financial investments and Amwal Qatar. The revision and evaluation were conducted by Deloite and Touch.
The evaluation measures were completed after initial approval from the departments of the concerned companies and the Ministry of Economy and Commerce. Abou Essa added that the proposed merger is subject to the approval of the Ministry of Economy and Commerce and of the general assembly of shareholders. After the merger with Salam Group and its affiliated companies, the company is expected to be listed in Dubai Stock Market and to launch "Bunian" company for investment and real estate development.
Doha: The board of directors of Salam International for Investment has approved the move during its meeting yesterday to merge the Salam Group and its affiliated companies into Salam International for Investment. Essa Abdsalaam Abou Essa, chairman of the board of directors of Salam International said the studies to merge with Salam Group have been conducted by a Kuwaiti company for financial investments and Amwal Qatar. The revision and evaluation were conducted by Deloite and Touch.
The evaluation measures were completed after initial approval from the departments of the concerned companies and the Ministry of Economy and Commerce. Abou Essa added that the proposed merger is subject to the approval of the Ministry of Economy and Commerce and of the general assembly of shareholders. After the merger with Salam Group and its affiliated companies, the company is expected to be listed in Dubai Stock Market and to launch "Bunian" company for investment and real estate development.
© The Peninsula 2005
