last trade: 0.70 AED (18 March 2018) -0.02
|ESHRAQ.ADSM||Ordinary||AED||Abu Dhabi SE||ESHRAQ|
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Deal to be finalised in coming months, will more than double Eshraq’s market capGulf News - 16-Sep-2017
DUBAI: Abu Dhabi developers Eshraq Properties and Reem Investments on Wednesday said they were in advanced stages of merger talks to create the second-largest listed developer in the emirate. The deal would involve Reem Investments’ subscription to a new share issuance from Eshraq, which in turn will acquire Reem Investments’ entire business and all of its assets, the two propertyArab News - 31-Aug-2017
Two major Abu Dhabi real estate developers, Eshraq Properties and Reem Investments, said they aimed to merge as an economic slowdown in the emirate puts the housing market under pressure.Reuters News - 30-Aug-2017